Ella 
The Indian rupee fell despite a drop in the dollar. Minutes from the Federal Reserve’s (Fed) January meeting and weaker-than-expected bond auctions pushed U.S. Treasury yields higher, weighing on the Indian rupee.
According to minutes of the Reserve Bank of India’s (RBI) Monetary Policy Committee meeting, RBI Governor Shaktikanta Das said any premature move could undermine the success achieved so far. RBI Governor Das added that the central bank is cautious on inflation data due to uncertainty over food prices, rising geopolitical tensions and supply chain disruptions, as a new flashpoint also poses further risks to the inflation outlook risks of.
In the absence of top economic data from the US and India this week, risk sentiment may influence USD/INR price action. Next week, attention will turn to U.S. fourth-quarter gross domestic product (GDP) year-over-year growth for new impetus.
