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Tracking broad gains in the local equity markets, the Indian currency closed stronger at 61.79 against the dollar on Friday.
On Thursday, the rupee had closed at 61.95 against the dollar.
The rupee lost 7 paise during the week, which was marked by volatile movement of the currency. The week also saw the Indian currency touching a nine-month low of 62.25/dollar.
Analysts believe that rupee will trade in 61.50-62.50 range next week, and the GDP data to be released next Friday will provide further cues.
The inter-bank call money rate, the rate at which banks borrow short-term funds from one another, closed lower at 7.50 per cent from previous close of 8 per cent.
Yield on the 10-year benchmark 8.40 per cent government security, maturing in 2024, hardened to 8.16 per cent against the previous close of 8.15 per cent. The price of the bond fell to Rs. 101.51 as against the previous close of Rs. 101.58.
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