USD/INR at 62.17/18 versus Friday's close of 62.2825/2925.
Dealers say bonds may remain positive in the run-up to CPI data on Wednesday.
"I think 8.66-8.73 percent range should hold. Traders are expecting (CPI) to come in lower than what economists are forecasting around 9.25 percent," says senior dealer.
Volumes may be hit as most public-sector bank employees are on a two-day strike demanding higher wages. So far, 128.85 billion rupees ($2 billion) traded.
Data-heavy week with January CPI numbers and December factory data due on Wednesday, while WPI data is due on Friday.
Absence of bond supply for the rest of the fiscal year is also a positive.
US Treasuries yields fell on Friday after employers hired far fewer workers than expected in January, suggesting a loss of momentum in the economy at the same time as the Federal Reserve pares its bond purchase programme.