The Indian Rupee strengthens in Monday’s Asian session.
Substantial equity outflows could undermine the INR, but likely RBI intervention might cap its losses.
Investors await Fedspeak on Monday for fresh impetus.
The Indian Rupee (INR) recovers on Monday amid the decline in crude oil prices and softer US Dollar (USD). Persistent outflows from Indian equities might exert some selling pressure on the local currency in the near term.
However, the interventions by the Reserve Bank of India (RBI) through USD sales could help limit the INR’s losses. Looking ahead, Investors will monitor the Federal Reserve (Fed) Neel Kashkari and Jeffrey Schmid speeches on Monday for fresh impetus.
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