*💰 Rupee Rebounds: USD/INR Plunges Ahead of India Inflation Data 📈🇮🇳* 🔻 USD/INR fell sharply after hitting a record 87.99 on Monday. 📈 *Market Speculation:* Possible foreign-exchange intervention by RBI to prop up the rupee. 📊 *Inflation Data Ahead:* India's inflation data is scheduled for release on Wednesday. Data will influence the rupee's trajectory and inform decisions about potential interventions. *🌐 Broader Market Context* ◻️ The rupee is under pressure due to foreign fund outflows and the strong US dollar. ◻️ The dollar index trades higher, making the rupee more vulnerable to depreciation.