Indian rupee traders will focus on the Reserve Bank of India in the holiday-truncated week following its heavy-handed support for the currency, and on potential updates on trade talks with the U.S., while bond yields will hold a tight range.

India's debt and foreign exchange markets are shut for local holidays on Tuesday and Wednesday.

The RBI's surprise heavy dollar sales last week helped the rupee post its best weekly performance in nearly four months.

The rupee was further buoyed by U.S. President Donald Trump's comment that Indian Prime Minister Narendra Modi promised to halt Russia crude imports. The Indian government has not yet confirmed the pledge.

India's continued purchases of discounted Russian crude have long been a point of friction with Washington and are a reason Indian

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