Ella 
The Indian rupee (INR) remained weak on Tuesday despite losses in the US dollar (USD). A weaker dollar and falling crude oil prices are likely to boost the Indian rupee in the short term. The Indian rupee hit an intraday high of more than six months at 82.65 on Monday, but gains were capped as the Reserve Bank of India (RBI) may take steps to prevent the rupee from appreciating sharply.
India’s headline retail inflation is expected to fall to 5.02% in February from 5.10% in January, remaining within the Reserve Bank of India’s 2-6% tolerance range for the sixth consecutive month. Economists, however, expect the RBI to maintain current monetary policy at its April meeting as the domestic economy remains strong and inflation continues to remain above the 4% target.
Investors will focus on February consumer price index (CPI) inflation data from India and the United States on Tuesday. Later in the week, India’s Wholesale Price Index (WPI) for food, fuel and inflation will be released on Wednesday, while U.S. retail sales will be released on Thursday.
