Mumbai, Feb. 22 -- The rupee is likely to open stronger against the US dollar on Monday after the US Supreme Court struck down President Donald Trump's tariffs, prompting a recalibration of the North American country's trade policy and reducing India's effective tariff exposure to 15% from 18%.

However, traders believe any near-term appreciation may be modest and short-lived, given lingering policy uncertainty and month-end dollar demand.

Currency traders expect a positive bias at open on Monday, tracking gains in the offshore non-deliverable forwards (NDF) market on Friday. The rupee had appreciated from 90.95 to around 90.75 in offshore trade.

"I think already in the NDF, maybe it was trading a little better. So, this news will make ...