Indian rupee gains against US dollar as weak US jobs data boosts Fed rate cut prospects.

The Indian rupee is expected to strengthen against the US dollar, following weak US jobs data that boosted prospects for a Federal Reserve rate cut in September. The rupee is projected to open between 87.18 and 87.22, up from 87.54 on Friday. However, the currency faces pressure due to US tariffs on Indian exports and foreign portfolio outflows, with some analysts predicting further weakening. The Reserve Bank of India's policy decision on August 6th will also influence the rupee's performance.