The Indian rupee is expected to stay cautiously flat in opening trades on Wednesday ahead of RBI monetary policy decision later this week. The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) will meet this week to assess the current economic landscape and announce key decisions regarding the repo rate. The meeting will take place from 4 to 6 December, with the announcements scheduled for Friday, 6 December. However, dollar steadying around 106 mark and international oil prices hovering around $70 per barrel mark and Asian markets broadly lower early today could accentuate downside in the local unit. Yesterday, rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.69 against the US dollar. Domestic shares rose for a third straight session on Tuesday, with firm global cues lending support. The benchmark S&P/BSE Sensex jumped 597.67 points, or 0.74 percent, to 80,845.75, with metals and financial stocks leading the surge. The broader NSE Nifty index closed at 24,457.15, up 181.10 points, or 0.75 percent, from its previous close. In recent days, rupee has been on a downtrend largely on the back of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows. US President-elect Trump on Saturday threatened a 100 per cent tariff on BRICS nations if they act to undermine the US dollar.