Indian rupee strengthened against the US dollar on Friday tracking firm domestic equities, pullback in US Treasury yields and a softer American currency overseas. Moreover, some senior Federal Reserve officials signalled that the US central bank would hold interest rates unchanged at its meeting in September. Foreign Institutional Investors were net sellers in the capital markets as they offloaded shares worth Rs 758.55 crore, while Domestic Institutional Investors net purchased shares to the tune of Rs 28.11 crore on Thursday, exchange data showed.

The partially convertible currency is currently trading at 83.15, stronger by 8 paise from its previous close of 83.23 on Thursday. The currency touched a high and low of 83.1725 and 83.13 respectively.