Gold is up 0.8 per cent for the week, after hitting a near-two-week high earlier in the week.
Government bonds yields are likely to trade in a range, owing to profit booking.
Forex dealers said that weakness in the dollar against other currencies overseas also supported the rupee.
The rupee had lost 27 paise to close at more than 5-week low.
Getting out of the zero-rate armchair was overdue, and many in the market will be glad it has finally happened
The recent weakness of the rupee has been due to yuan's devaluation.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
The rupee had recovered from its 29-month lows by rising 39 paise to close at 67.63 on Friday.
Heavy unwinding by foreign portfolio investors and lacklustre equities dampened the sentiment
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
Gold retains gains, gain nearly 3 per cent in the past three sessions.
The cost of holding one-year forward dollars rose to 482.75 basis points from 472.75 bps on Tuesday.
Dollar's strength and falling crude oil prices force downward revision of 2015 growth forecast.
Strong currency and sagging oil prices are spooking policymakers.
RBI will take a cue from the Fed policy statement.
All evidence suggests that the US Federal Reserve will raise interest rates soon.
If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
The domestic unit moved in a range of 64.14 and 63.99.
The Rupee is expected to weaken further against the dollar.
The markets are in bubble territory.
Forex dealers said weakness in local equities cast a shadow on the rupee. Dollar losing in overseas markets didn't impact the fall of the local currency, they added.
The Indian stock market had rallied through the first fortnight of October but it gave back the bulk of its gains in the second half.
The market has zoomed to new highs for calendar 2017.
Rupee movement, global cues key for stocks this week: Experts
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
The view among the regulator and the government is that the currency is overvalued
The financial and commodity markets will continue to roil, as China's growth moderates and readjustments are made.
Fed is still concerned about weak export growth.
Kamath said India's economic climate had started improving.
A day after BRICS (Brazil, Russia, India, China and South Africa) nations agreed on a $100-billion foreign currency reserve pool to tackle the volatile foreign exchange markets, India on Friday said the pool would act as a buffer arrangement, adding it might not withdraw anything from this reserve.
Macro and micro environment are becoming more challenging.
Over the past week, the Sensex and the Nifty continued the bull-run
The Fed made clear that the rate hike was a tentative beginning to a "gradual" tightening cycle
The latest macro-data from India is disquieting
India has not been able to compete with countries such as Bangladesh and Vietnam.
Fed seen holding rates steady as investor confidence shakes
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
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As many as nine respondents said RBI would hold the repo rate at 8% till March-end, 2015
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