The rupee traded with volatility against the US dollar on Wednesday, opening at 86.42 and briefly touching 86.25. The currency was weighed down by a risk-off mood and rising crude oil prices, with additional pressure from geopolitical tensions and strong dollar demand by oil importers. Analysts expect the USDINR pair to potentially move within the 86.50–86.80 range. Meanwhile, the Sensex and Nifty posted gains, and foreign institutional investors (FIIs) were net buyers in the equity market.
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