The US Dollar Indian Rupee (USD/INR) exchange rate is trading -0.07% lower at 73.45.
Easing geopolitical tensions between China and India is supporting the Rupee. Both nuclear powers have agreed to not send any more troops to the disputed border in the Himalayas.
Indian covid cases continue to soar.
US Dollar is well supported following upbeat comments from Federal Reserve official Charles Evans, who said that the Fed could hike interest rates prior to it reaching the Fed’s average inflation target of 2%.
US PMI data is in focus. Expansion in the services sector is expected to slow slightly.