On Monday: The Indian rupee fall against the US dollar on concerns that the delay of monsoon and weak macroeconomic data could dampen the prospects of further rate cuts by the Reserve Bank of India (RBI).

At 9.17am, the home currency was trading at 66.86, down 0.18% from its previous close of 66.77.

The rupee opened at 66.89 a dollar and touched a low of 66.92, a level last seen on 23 March.

The India Meteorological Department (IMD) said on Sunday, "The monsoon is expected to arrive in Kerala on 7 June, six days later than normal".

The government released the Index of Industrial Production (IIP) data, on 12 may, which rose 0.1% in March. Retail inflation accelerated to 5.39% in April from 4.83% in March, as food inflation quickened to 6.32% from 5.21% the previous month.

On 16 may after 12pm, the government will issue wholesale price inflation (WPI) data. According to Bloomberg analysts, WPI will be at -0.2% for April against -0.85% in March.

India’s benchmark Sensex index rose 0.28% or 71.65 points to 25,561.22. So far this year, Sensex is down 2.5%.

 As compared with Friday’s close of 7.449%, India’s 10-year bond yield was trading at 7.453%.

The trade shortfall narrowed for the fourth straight month in April to $4.84 billion, its lowest level since March 2011, from $5.07 billion in the previous month, imports fell 23.1% to $25.4 billion and exports fell 6.74% to $20.56 billion in April, government data showed on Friday.