The rupee had a relatively quiet trading session, remaining within a narrow range of 83.17 to 83.27. Rupee received some support from the recent decline in crude oil prices from 95$ to 88$. WTI crude had weakened for the fifth consecutive day, which helped prevent the rupee from falling below 83.40. However, the rupee has been under pressure due to the recent strength in the dollar index, which has gained 1.20-1.50% over the past five days, reaching around 106.60$. This strong dollar trend has kept the rupee below 83.00.In the capital markets, there has been weakness, with continued selling by FII's. This selling is likely driven by concerns about higher interest rates persisting in the US for an extended period, which can deter investment inflow.The rupee is expected to continue trading within a range of 83.00 to 83.35, reflecting the current market dynamics and uncertainties.