Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was at 102.35.
Global oil benchmark Brent crude was at $78.54 per barrel.
“Monday’s US holiday is likely to result in decreased trading activity, potentially dampening market volatility. This development hints at positive trends for emerging market currencies amidst reduced holiday trading activity,” said CR Forex Advisors MD Amit Pabari.
US stock exchanges are closed on Monday on account of Martin Luther King, Jr. Day.
In the domestic equity market, the 30-share BSE Sensex was trading 707.03 points, or 0.97 per cent, higher at 73,275.48 points. The broader NSE Nifty advanced 178.40 points or 0.81 per cent to 22,072.95 points.
Foreign Institutional Investors (FIIs) were net sellers in the equity market on Friday as they offloaded shares worth Rs 340.05 crore, according to exchange data.
On the domestic macro economic front, retail inflation soared to a four-month high of 5.69 per cent in December, while industrial production fell to an eight-month low of 2.4 per cent in November, according to a set of government data released on Friday.
