• The Indian Rupee holds steady in Monday’s Asian session.
• Significant foreign outflows and Trump trades might drag the INR lower. 
• The Fed’s Goolsbee is set to speak later on Monday. 

The Indian Rupee (INR) flat lines on Monday amid the modest decline in the US Dollar (USD). The renewed Greenback demand from investors and weakening of the Chinese Yuan are likely to keep pressure on the Iocal currency in the near term. Additionally, the unabated foreign fund outflows contribute to the INR's downside. 

The routine intervention by the Reserve Bank of India (RBI) by selling USD might help limit the Indian Rupee’s losses, though this has led to a drop in India's forex reserves. In the absence of top-tier Indian and US economic data releases due on Monday, the focus will remain on risk sentiment and the speech from US Federal Reserve (Fed) Austan Goolsbee.