Mumbai, March 10 -- The Indian rupee is expected to stay cautious on Monday morning tracking a somewhat muted opening in local equities although extended weakness in greenback overseas could limit downside. The dollar index remained at a four-month low below 104 on Monday after sliding over 3% last week, pressured by mounting US economic concerns. On Friday, INR rebounded and settled with a gain of 17 paise at 86.95 against the US dollar, as the American currency index declined to its four-month-low level and crude oil prices eased on lower demand expectations. Currently, the counter is trading lower by 30 paise at Rs 87.25 per dollar. Indian shares open on a flat note Monday after Federal Reserve Chair Jerome Powell said the U.S. central b...
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