The Indian rupee could likely trade cautious during the initial moments of the day as investors stay apprehensive ahead of the unveiling of Union Budget 2025-26. On Friday, rupee pared initial losses and settled for the day higher by 3 paise at 86.59 against the US dollar, as the support from positive domestic equities was negated by unabated foreign fund outflows and month-end dollar demand. Indian shares ended higher for a fourth straight session on Friday, with optimism around upcoming Union Budget and expectations for a rate cut by RBI next week helping underpin sentiment. Investors also reacted positively to the Economic Survey 2025 tabled in the Parliament today that pegged GDP growth at 6.3-6.8 percent for FY 26. The Economic Survey highlighted many upsides to domestic investment, output growth and disinflation in FY26 but cautioned about equally strong, prominently extraneous, downsides. The benchmark S&P/BSE Sensex ended the session up 740.76 points, or 0.97 percent, at 77,500.57, after having hit a high of 77,605.96 earlier. Similarly, the broader NSE Nifty index hit an intraday high of 23,546.80 before paring some gains to close at 23,508.40, up 258.90 points, or 1.11 percent, from its previous close.