USD/INR flattens while Indian Rupee underperforms ahead of India's CPI data

  • The Indian Rupee (INR) opens on a slightly weak note against its major peers on Thursday ahead of the Indian Consumer Price Index (CPI) data for May, which will be published at 10:30 GMT. Investors will pay close attention to the retail inflation data as it will indicate whether the Reserve Bank of India (RBI) will cut interest rates again in the August monetary policy meeting.