The rupee traded within a range of 81.75 to 82.04. Initially, the rupee gained significantly, rising by 0.16 rupees, supported by a strong performance in the capital markets and a weakened dollar index. This helped the rupee rally above 81.90. However, the rupee experienced some correction from 81.75 due to a rise in crude oil prices and short covering in the dollar index. Looking ahead, the rupee's direction will likely be influenced by the release of the FOMC meeting minutes on Wednesday, which will provide participants with insights into the development of interest rate decisions.