The rupee closed stronger at 61.79 on Friday against the dollar (previous close: 61.92) aided by some positive economic news.
The stake sale by the government in nationally held SAIL was over-subscribed.
A treasury official said that the Indian currency was aided by some dollar sales by foreign banks.
The Indian currency, however, traded in a thin range of 61.78 to 61.89 on Friday.
In the week ahead, the rupee is seen trading in the 61.70 to 62.50 band as currency market participants will keenly watch key economic data emanating from the US. A favourable data from the world’s largest economy could see the rupee shed a few paise during the week.
The benchmark government security (8.40 per cent G-Sec, maturing in 2040) yield ended lower at 7.94 per cent against the previous close of 7.97 per cent. The yields have softened in the week due to expectations of a policy rate cut by the RBI next year.