Indian stock indices closed higher on Friday, extending a rebound fueled by the U.S. Federal Reserve's latest policy stance, while the rupee weakened to a new record closing low against the U.S. dollar.

Equity Markets: Weekly Losses Capped

• BSE Sensex: Gained 0.53% to close at 85,267.66.
• NSE Nifty 50: Rose 0.57% to close at 26,046.95.
  The advance helped limit weekly losses for the indices, with investor focus shifting to domestic inflation data scheduled for release after market hours.

Currency: Rupee at Record Closing Low

• The Indian rupee (USDINR) depreciated to end at a record closing low of 90.4150 per U.S. dollar.
• The currency logged its second consecutive weekly fall, pressured by persistent investor concerns over protracted U.S.-India trade deal negotiations.

Fixed Income and Money Markets

• Government Bonds: The benchmark 10-year government bond yield was largely unchanged at 6.6123%, with sentiment dampened by fresh debt supply.
• Overnight Index Swaps (OIS):
  • The one-year OIS rate declined by 1 basis point to 5.4575%.
  • The five-year OIS rate was marginally lower at 5.9175%.
• Call Money Rates:
  • The overnight call money rate was quoted at 5.20%.
  • The overnight TREPS (Tri-Party Repo) rate stood at 5.01%.