MUMBAI, Sept 4 (Reuters) - The Indian rupee is likely to open little changed on Monday after a soft U.S. jobs report reinforced expectations that the Federal Reserve will not hike interest rates anymore, but the dollar still managed to rally.

Non-deliverable forwards (NDF) indicate rupee will open at around Friday's level of 82.7150.

"It's a bit confusing today. There is no doubt that the Fed will not hike in September, but then the dollar has moved up," a forex trader at a bank said.

https://www.reuters.com/markets/currencies/rupee-assess-dollar-rally-despite-soft-us-jobs-report-2023-09-04/