MUMBAI, Sept 9 Reuters The Indian rupee is likely to open weaker on Monday, tracking the decline in Asian equities and currencies fuelled by U.S. slowdown worries.

The 1month nondeliverable forward indicated that the rupee will open at 83.9783.98 to the U.S. dollar compared with 83.9475 in the previous session. The rupee for a large part of last week remained near the 84 mark, hitting an alltime low of 83.9850 on Thursday.

The Reserve Bank of India likely intervened on multiple occasions last week to support the rupee.

Will the RBI allow 84? Will the break of it lead to a large move and a pick up in volatility? a currency trader at a bank said.

Impossible to know what the RBI will do. If they do allow 84, I doubt it leads to a big breakout.

Asian equities and currencies declined following Friday39;s selloff in U.S. equities on concerns over the U.S. growth outlook.

Investors digested the U.S. jobs report, which did not provide the muchwanted clarity on the size of the rate cut the Federal Reserve will opt for at next week39;s meeting.

The U.S. economy added fewer jobs than expected in August, leading to worries over the slowing labour market and what that means for the economy. However, there was a slight improvement in the unemployment rate.

Following the report, the odds of a 50basispoint rate cut are at 1in3 and those for a 25bp cut are at 2in3, almost unchanged from prior to the jobs data.

Comments by Fed speakers on Friday indicated that policymakers had…