The rupee traded weak, reaching lows of 82.24 and highs of 82.04 after a flat opening. The price gradually declined as market participants placed bullish bets on the dollar, anticipating a hawkish view from the Federal Reserve's meeting minutes scheduled to be released later in the evening. This expectation of a hawkish view on the dollar led to a decline in the rupee, with a decrease of 0.22 rupees. The strength of the dollar index and the recent rise in crude prices also contributed to the rupee's weakness. Looking ahead, the rupee's outlook remains range-bound between 81.75 and 82.45.

 


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