The Indian rupee weakened to around 91 per dollar, hitting its weakest level in over two weeks, weighed by broad dollar strength. The rupee slipped alongside other emerging-market peers as the dollar held gains on strong US economic data. At the same time, thin liquidity in Asian markets amid the holiday period made regional currencies more sensitive to modest order flows. Persistent importer and hedging demand for dollars, coupled with elevated import costs in oil and commodities, also kept USD/INR under pressure. Meanwhile, lingering support from the Reserve Bank of India’s past interventions and state-bank dollar sales, along with improved foreign portfolio inflows and optimism from recent trade deals, helped keep the rupee within its medium-term trading range. Market participants continue to monitor import flows, global commodity prices, and domestic policy signals for further cues on rupee movements.