• The Indian Rupee weakens in Tuesday’s Asian session.
• The INR is facing some selling pressure as Trump's tariff promise boosts the USD. 
• The FOMC Minutes will be the highlight on Tuesday. 

The Indian Rupee (INR) attracts some sellers on Tuesday after reaching its strongest level in over two weeks. The renewed US Dollar (USD) demand driven by strong US economic data, escalating tensions in the Russia-Ukraine conflict and US President-elect Donald Trump’s plan on new tariffs exert some selling on the local currency. 

However, inflows from MSCI's index rebalancing, declining US bond yields and lower crude oil prices could lift the INR in the near term. Investors will monitor the FOMC Minutes, which are due later on Tuesday. Also, the US Conference Board’s Consumer Confidence, New Home Sales, the Richmond Fed Manufacturing Index and the Dallas Fed Services Index will be released.