<h1>Currency appreciation driven by a weak dollar and equity gains, with oil prices and capital outflows capping upside.</h1> Rupee strengthened for a third straight session due to a weak US dollar, positive domestic equities, and regional currency support, while rising crude prices and FII outflows limited gains. Market participants highlighted caution ahead of US economic data and a major US monetary policy meeting; domestic trade improvements alongside contracting exports were noted as supportive yet concerning. Analysts identified crude, foreign flows, and external policy risks as primary determinants of near term USD INR movement and projected a defined trading range for the spot rate.