Reuters Market Eye - The rupee is trading in tight range as U.S. markets are shut for a holiday. The pair is at 61.63/64 versus its Friday's close of 61.54/55.
Strong fund inflows continue into debt, with data showing six consecutive sessions of buying through Thursday, totalling over $2.5 billion, helping support INR.
Local stocks turn positive after initial negative open, up 0.36 percent.
Near-end USD/INR forward premiums come off on RBI's move to inject cash via OMOs.
The U.S. dollar started Monday near a two-month high, having enjoyed a solid comeback last week after a string of mostly upbeat data convinced markets the Federal Reserve will continue its gradual withdrawal of stimulus. U.S. markets are shut on Monday for a holiday.
(Reporting by Subhadip Sircar)
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