The Indian Rupee (INR) recovers some of its lost ground on Monday after hitting a record low in the previous session. This recovery may be attributed to the Reserve Bank of India’s (RBI) interventions in the forex market. By offering US Dollars to stabilize the exchange rate, the RBI plays a crucial role in the currency’s performance. Traders must closely monitor the INR’s movements as upcoming CPI inflation data could lead to further volatility. Awareness of these developments is essential for making informed trading decisions in the Indian forex market. Overall, the dynamics of the USD/INR pair will be key in determining future trading strategies.