Anna 
The Indian Rupee (INR) showcased strength on Monday, benefiting from the weakening US Dollar (USD) in the aftermath of mixed US labor market data for February, which has raised speculation about a potential rate cut in June.
Market expectations point towards a moderation in India’s Consumer Price Index (CPI) inflation for February, easing from 5.10% in January to 5.02%. Analysts highlight persistent upside risks to food inflation, suggesting that the Reserve Bank of India (RBI) may remain on the sidelines, refraining from immediate rate cuts. This prospect bodes well for the Indian Rupee and may pose a challenge for the USD/INR pair.
Investor attention will be closely focused on key economic indicators in India, with CPI inflation and Industrial Production data scheduled for release on Tuesday. Additionally, the Wholesale Price Index (WPI) of Food, Fuel, and Inflation will be scrutinized on Wednesday. In the US, market participants will be monitoring the release of the February Consumer Price Index (CPI) on Tuesday and Retail Sales on Thursday.
