The Indian rupee continued to be higher against the U.S. dollar in the evening deals on Friday, as the Reserve Bank of India dashed hopes for rate cuts in its monetary policy report and flagged risks to inflation in the medium term.

Meanwhile, the Rajya Sabha on Thursday passed four supplementary legislations essential for the rollout of the Goods and Services Tax Bill from July 1.

The rupee climbed to a 20-month high of 64.18 against the greenback, compared to Thursday's closing value of 64.62. The next possible resistance for the rupee is seen around the 63.00 region.

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