Indian markets opened marginally higher but are likely to trade cautiously and range-bound amid continued FPI selling, mixed global cues and muted budget expectations. IT stocks supported early gains, while overall sentiment remained subdued despite optimism around possible trade deals

The rupee declined by 10 paise to 90.44 against the US dollar in early trade on Friday, extending its losing streak to a third consecutive session. Persistent foreign fund outflows and a strong dollar weighed on the currency, though lower crude oil prices and positive domestic equities helped limit sharper losses