The Indian rupee is likely to be steady over a holiday-truncated week, with oil prices and foreign portfolio flows in focus, while bond yields could face headwinds from tightening banking system liquidity and growing bets on aggressive rate hikes.
Last week, the rupee posted its best week since March with a 2% gain as the central bank rolled out a series of measures to shore up the local unit. It ended at 94.96 on Friday.
