The rupee traded sideways in a flat range around 83.55, as the dollar stayed within its range. Despite volatility in the dollar index due to the CPI data and the Fed's policy decision, the rupee remained resilient against the dollar. The trend for the rupee will likely remain range-bound, but the undertone remains weak as it consolidates near its all-time low. A significant drop in the dollar below $103 would be necessary to trigger strong rupee buying above 83.00. Until then, the rupee is expected to trade within the range of approximately 83.20-83.75.