At the start of the week, the dollar strengthened ahead of global inflation data while the Indian rupee is expected to rise slightly and the Russian ruble strengthened. The Chinese yuan is nearing its lowest level.

The dollar had a steady start to the week as investors focused on American, European, and Japanese inflation data to guide the global outlook for interest rates. Australian and New Zealand dollars relaxed from recent highs, leaving the Aussie at $0.6626 and the kiwi at $0.6122 as markets downgraded their expectations for lower interest rates for the United States

The Indian rupee is expected to open slightly or slightly higher on Monday, with a slight rise in most Asian currencies likely to help the currency extend its gains beyond last week's two-month high. Undeliverable futures indicate that the rupee will open at around 83.07-83.08 for one US dollar, compared to 83.0975 the previous session. According to a foreign currency trader at a foreign bank, the rupee is also expected to rise on Monday, but it will be essential to monitor whether it is able to “overcome the strong hurdle of 83.”

The Russian ruble strengthened on Monday to reach its highest level in nearly four months, above 89 to the dollar. Around 07:15 GMT, the ruble was up 0.60% to 88.97 per dollar, its highest since January 30.

The Chinese yuan hovered near its lowest level in a month against the dollar on Monday, as investors cautiously await domestic and foreign economic data for more clues about the monetary outlook.