The Indian rupee is likely to open marginally higher versus the U.S. dollar on Monday after the Chinese yuan climbed above a key level on optimism over the country's reopening.
The rupee is expected to open at around 81.25 per dollar, compared with 81.3175 in the previous session.
After the likely opening uptick based on Asian cues, "the balance of probability" is that the rupee "will not do much", a trader at a Mumbai-based bank said. Last week, the rupee was unable to climb above 81 due to decent demand for forward dollars from importers, according to market participants.
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