Ella 
The Indian rupee (INR) had a lackluster performance on Tuesday. Further losses in the dollar boosted Asian currencies and lifted the Indian rupee to a two-week high. Additionally, lower oil prices may support the rupee as India is one of the largest importers of crude oil.
On the other hand, a pick-up in dollar demand from public sector banks and outflows from local equities could cap gains in the Indian rupee. Investors will focus on Tuesday’s speeches from Federal Reserve’s Raphael Bostic and Michael Barr. Federal Reserve Chairman Jerome Powell’s speech on Friday will be a highlight and may provide some insight into the future direction of U.S. interest rates. In India, the preliminary HSBC Purchasing Managers Index (PMI) for August will be released on Wednesday.
