<ul><li>The rupee strengthened by 3 paise against the US Dollar, closing at 85.52 after a one-day loss.</li><li>The dollar index declined, leading to the rupee's gain. The rupee opened stronger at 85.27 but hit a low of 85.70 during the trading session.</li><li>India's trade deficit widened in April, pressuring the rupee. Oil prices also fluctuated due to concerns over supply and demand dynamics in the market.</li><li>Experts believe the rupee may remain range-bound in the near term due to a softer dollar and strong equity inflows, with USDINR expected to trade between 84.80–85.80.</li></ul>

Rupee Strengthens Against US Dollar After One-Day Loss

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