The South African rand and the rupee fell at the start of the week, while the Chinese yuan remained stable after the drop in the LPR.

The South African rand fell against a stronger dollar on Monday, as investor attention turned to local inflation numbers expected later this week. At 07:06 GMT, the risk-sensitive rand traded at 17.64 against the dollar, 0.3% lower than its previous close. Jee-A van der Linde, senior economist at Oxford Economics, said that “the South African rand experienced a lot of volatility last week, while the dollar appreciated in general.”

The Indian rupee is expected to remain near its all-time lows on Monday due to possible capital outflows linked to the Hyundai Motors India IPO and foreign capital outflows. The one-month undeliverable futures contract indicated that the rupee would open barely changed from the last close of 84.0650 and not too far from the all-time low of 84.0775. For the rupee, the fall below 84 after staying close to this level for several weeks took place without major incidents. Last week, the currency was trading within a narrow range of 10

The Chinese yuan remained stable against the US dollar, after the country cut its benchmark lending rates as expected, while market participants expect the yuan's strength to be capped in the short term pending the results of the US elections. The yuan spot opened at 7.1049 per dollar and last traded 9 pips firmer than the previous end-of-trading close and 0.05% lower than the midpoint. The offshore yuan was trading at 7.1229 yuan to the dollar, up by about 0.09% in