Pakistan, May 30 -- MUMBAI - The Indian rupee is likely to open slightly stronger on Friday after the U.S. dollar's rally, triggered by a court ruling on tariff policy, faded quickly. Market analysts expect the rupee to open in the range of 85.36 to 85.40, compared to Thursday's close of 85.5075.

So far this week, the rupee has traded between 84.78 and 85.70, showing little overall movement. Traders suggest the currency is likely to remain range-bound, with key support near 85.00 and resistance around 85.80. "Any move beyond 86 or below 85 in the near term is hard to imagine," a Mumbai-based currency trader said.

The U.S. dollar index dropped to 99.30 after briefly hitting 100.48, which helped Asian currencies, including the rupee, reco...