Ella 
The Indian rupee regained some ground on Tuesday amid weakness in the US dollar. That said, the Indian rupee fell to a record low of 83.48 on Friday amid broad weakness in its Asian peers and strong demand for the dollar. Meanwhile, recovering dollar demand and rising oil prices, amid rising geopolitical tensions in the Middle East and Eastern Europe, could weigh on the Indian rupee lower and limit its upside for the time being.
Tuesday will release the Conference Board’s consumer confidence report, durable goods orders and the Federal Housing and Home Administration house price index. Later this week, the annual U.S. GDP rate (fourth quarter) is due out on Thursday and is expected to hold steady at 3.2%. Focus will turn to U.S. personal consumption expenditures price index (PCE) data for February. The overall U.S. PCE price index is expected to increase by 0.4% monthly, and the core core PCE price index is expected to increase by 0.3% monthly. In India, India’s current account data will be released on Thursday.
