Ella 
The Indian rupee weakened on Monday, even as the U.S. dollar (USD) fell. Mixed U.S. labor market data for February released on Friday put some selling pressure on the dollar as the data raised the possibility of a rate cut in June.
The market expects India’s consumer price index (CPI) inflation rate to rise to 5.02% in February from 5.10% in January. Analysts believe that upward risks to food inflation remain, which will keep the Reserve Bank of India on the sidelines for a longer period of time and in no rush to cut interest rates. This could therefore boost the Indian rupee and be negative for the USD/INR pair.
Investors will keep a close eye on India’s inflation and industrial production on Tuesday. On Wednesday, focus will shift to the Wholesale Price Index (WPI) for food, fuel and inflation. In the U.S., inflation and retail sales data for February will be released on Tuesday and Thursday respectively.
