Rupee weakens but Trump's trade deal remark helps contain losses



Rupee fell 0.3% to close at 85.55/$, recovering from 85.72 intraday low.
Trump's comment on a zero-tariff India-U.S. trade deal boosted sentiment.
Dollar demand from corporates and outflows weighed on the rupee.
Sensex and Nifty rose 1.5%; markets await Powell’s speech and U.S. data.

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