The Indian rupee strengthened to 85.4075 against the USD, boosted by dollar inflows from index adjustments, despite broader Asian market declines due to renewed US-China trade tensions. A rate cut is expected from the RBI this week.

• Rupee up 0.2%, supported by foreign bank dollar sales.
• The US plans to double steel/aluminum tariffs on China.
• RBI is expected to cut rates by 25 basis points on Friday.