The Indian rupee (INR) is projected to open marginally weaker against the US dollar (USD) on Tuesday, trading within a constrained band, as a lack of directional cues from global markets combines with a broadly stable greenback. Despite upward momentum in regional Asian currencies, the rupee appears less responsive due to underlying structural and macroeconomic factors.

Recent market observations indicate a likely strengthening of the Indian Rupee on Monday. The scenario is largely attributed to an overall weakening of the US dollar, fueled by concerns over the Federal Reserve's independent stance during President Donald Trump's tenure. Current futures data for one-month non-deliverable contracts suggest that the Rupee could open at a rate of 85.15–85.20 per US dollar, compared to 85.3675 recorded in the previous session. This puts the Rupee close to its recent peak of 84.96 reached earlier this month.