The rupee is trading at 60.84 versus Monday's close of 60.93. The market is likely to remain choppy ahead of the RBI's monetary policy review decision due at 11 a.m.
Traders expect the pair to fall later, tracking the drop in the dollar versus other Asian units.
RBI is expected to keep rates steady while adopting tougher rhetoric on inflation at its policy review due to growing concerns that disappointing monsoon rains will lead to a surge in food prices.
The pair is seen moving in a 60.75 to 60.95 range during the session.
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