• Indian Rupee holds steady in Monday’s Asian session. 
• Robust foreign inflows and lower crude oil prices might support the INR. 
• Traders will monitor the US September Consumer Confidence and Fed’s Bowman speech on Tuesday. 

The Indian Rupee (INR) consolidated its gains on Monday after reaching its highest level since mid-July in the previous session. The local currency might be bolstered by the Federal Reserve's (Fed) recent rate cut and strong portfolio inflows into Indian markets. Additionally, the decline in crude oil prices could underpin the INR as India is the third-largest oil consumer after the United States (US) and China. 

Nonetheless, the US Dollar (USD) demand from local oil companies might help limit the pair’s losses. Investors await the US Consumer Confidence for September for fresh impetus. Also, Fed Governor Michelle Bowman is scheduled to speak later on Tuesday.