The Indian rupee is seen recovering some momentum in opening trades on Friday amid weakness in dollar overseas and with all eyes awaiting RBI monetary policy decision. This will be the first RBI policy under the new Governor Sanjay Malhotra and also the first RBI MPC meeting after the Union Budget 2025-2026 was presented on February 1. Investors will also look for signals about currency management strategies under the new chief given that INR is consistently plunging to fresh record lows. Rupee opened at Rs 87.57 and rebounded to 87.43 so far during the day. Yesterday, rupee plunged 14 paise to close at an all-time low of 87.57 against the US dollar. The benchmark S&P/BSE Sensex ended the session down 213.12 points, or 0.27 percent, at 78,058.16 while the broader NSE Nifty index closed at 23,603.35, down 92.95 points, or 0.39 percent, from its previous close.