The Indian rupee rose to a one-month high against the dollar, helped by banks’ greenback sales likely on behalf of their custodial clients who stepped up investments into local markets. Rupee’s appreciation is not due to any changes in the fundamentals but because of expectations of fund inflows, therefore some strength in the local currency may continue in the near term. However, weak local shares and uptick in dollar index along with rebound in the oil prices limited larger gains in the rupee. For further cues U.S.-China trade talks will be closely watched by the investors.