The Indian rupee slipped against the U.S. dollar in evening deals on Monday, as the dollar rose across the board on expectations that the U.S. Federal Reserve is on track to raise rates soon.

India's consumer inflation data is slated for release later in the day, while wholesale inflation figures will be published on Tuesday.

The rupee fell to 62.5150 against the greenback, its weakest since March 31.The rupee may find support around the 63.00 mark. The pair concluded Friday's trading at 62.42.

US Dollar vs INR (FX:USDINR)
Forex Chart
From Mar 2024 to Apr 2024 Click Here for more US Dollar vs INR Charts.
US Dollar vs INR (FX:USDINR)
Forex Chart
From Apr 2023 to Apr 2024 Click Here for more US Dollar vs INR Charts.