Rupee, forward premiums tread water with Fed minutes and tariffs in focus

Rupee closed nearly flat at 85.6725 vs USD amid muted global cues and cautious trading ahead of US-India trade deal news.

Intraday low hit 85.9225; recovered on merchant flows and mild foreign bank dollar sales.

Resistance seen at 85.30–85.40; support holding near 86.

Markets await Fed minutes, Trump’s fresh tariff details; Nifty and Sensex ended 0.2% lower.