Mild weakness in dollar overseas might help mitigate some losses in the Indian rupee on Monday morning. Local equities poised to commence higher following US equities could also support the local unit. On Friday, rupee depreciated 19 paise to close at 87.37 against the US dollar, as the strength of the American currency and a negative trend in domestic equities dented investor sentiments. The ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the US Dollar Index. Meanwhile, official data showed India's GDP growth grew 6.2 percent in the December quarter of FY25, up from the 5.6 percent growth in the previous quarter and reversing two quarters of slowdown. For the full financial year FY25, the GDP growth rate, as per the second advance estimates, is seen marginally higher at 6.5 percent as against the 6.4 percent in the first advance estimates released in January. India's manufacturing PMI data and monthly vehicle sales data from automakers may garner some attention later in the day.

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