The rupee halted its four-session losing streak on Friday, settling with a marginal 2 paise gain at 74.62 to the US dollar, as stronger Asian peers against the greenback lent support to the domestic unit.
Forex traders, however, said that importers and banks' demand for the greenback continued to exert pressure on the Indian currency.
At the interbank forex market, the rupee opened at 74.63 a dollar and witnessed an intra-day high of 74.47 and a low of 74.71.
The local unit finally closed at 74.62 against the American currency, registering a rise of 2 paise over its previous close.On weekly basis, the rupee lost 54 paise or 0.72 per cent.