• Indian Rupee edges higher in Monday’s Asian session. 
• Robust Indian foreign inflow boosts the INR, but higher crude oil prices and a stronger USD could cap its gains. 
• Investors will monitor the US PMI data for September on Monday. 

The Indian Rupee (INR) extends the rally on Monday, bolstered by positive momentum in Indian equity markets amid a massive inflow of foreign funds. Nonetheless, a further rise in crude oil prices and renewed US Dollar (USD) demand from importers might cap the upside for the local currency. 

Moving on, the flash reading of the US Purchasing Managers Index (PMI) data for September is due on Monday. Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee and Fed’s Atlanta President Raphael Bostic are scheduled to speak later in the day. Any signs of weaker US economic data or dovish remarks from the Fed officials could undermine the Greenback.