Pramit Brahmbhatt of Veracity said, "Pessimism which persists in the domestic equity market will be the reason for rupee to depreciate. The spot USD-INR pair will trade in a range of 64.80-65.20/dollar today."
The dollar held firm, rebounding from 6-1/2-month lows against its major peers thanks to a rise in US treasury yields, with investor focus now turning towards the Federal Reserve's monetary policy stance.
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