Rupee steady amid RBI support, importer demand
The Indian rupee is likely to open little changed-to-marginally higher on Monday, with sentiment caught between the after effects of last week's central bank driven rally, importer demand, and a muted tone across Asian peers. The 1-month non-deliverable forward indicated the rupee will open in the 87.94-87.98 range versus the US dollar, having settled at 87.9750 on Friday.