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The Rupee ended stronger at 54.24 against the dollar on expectations of key interest rate cut by the central bank on the policy day on May 3.
The Indian unit opened marginally higher at 54.33 against the dollar on firm domestic equity and positive Asian markets. It had closed weaker at 54.37 on Friday.
The BSE-benchmark Sensex closed higher by 101 points (up 0.52 per cent) at 19,387.50.
The Indian currency touched a low of 54.39 per dollar on mild outflows in the early trade at the Interbank Foreign Exchange market.
However, the rupee strengthened to touch an intraday high of 54.21 to the dollar.
Market players are expecting a 25 basis points cut in repo rate, which may help in revival of growth in the economy.
Call rates, G-Sec
The interbank call money rates closed flat from their previous close of 7.55 per cent on Friday.
The benchmark 8.15 per cent government security, which matures in 2022, declined to Rs 102.49 from Friday’s close of Rs 102.60. Yields increased to 7.76 per cent from 7.74 per cent.
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