Pramit Brahmbhatt of Veracity said, "After consolidation, the rupee will trade with a neutral to negative bias. I expect the USD-INR pair to trade in a range of 65.20-65.80."
Dollar eased in trade as the rally triggered by strong US data fizzled on speculation that US president Donald Trump's choice for the next Fed chair may be a less hawkish candidate than previously thought.
In global markets, Asia is set for a mixed trading day on Wednesday, even after US equities closed higher overnight.
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