Rupee in Monday morning trade is seen trading lower by 21 paise as against Friday's close of 69.23 at 69.44.

Rupee has been under pressure for the third-session in a row after RBI in its first policy review for the FY'20 reduced repo rate by 25 basis points to 6%. Also, the apex bank grabbed the opportunity to work on growth aspect until the inflation barometer begins to reflect in the economy.

Further, in the week ahead, the trajectory of the rupee will be determined by IIP and inflation number due to be released this week.

Yield on 10-year government securities stood higher by 0.024 at 7.378%.

Meanwhile, taking cues from peers, Indian markets are set to open higher as Asian markets are at their 7-month peak on China talks concerning stimulus.

GoodReturns.in