Rupee traded with weakness, falling by 0.16rs to 83.13. This decline came after the rupee briefly touched 82.75 last Friday, indicating strong selling pressure. Two significant factors have contributed to the rupee's weakness: rising crude oil prices and the strength of the dollar index.Both these factors have consistently applied downward pressure on the rupee each time there was an attempt to rise above 82.75. The dollar has been trading above 105.25$, and WTI Crude oil prices have climbed above 90$. This dynamic has made it challenging for the rupee to sustain its strength.Despite earlier gains attributed to India's inclusion in emerging market bond indices, the rupee has experienced a reversal and declined by more than 0.35rs. As things stand, the rupee's trading range is expected to remain between 82.70 and 83.25, with ongoing pressure from these influential factors.

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