<h1>Exchange rate movement: rupee recoveries driven by dollar weakness but constrained by tariffs and capital outflows.</h1> The domestic currency recovered from record lows and settled higher as dollar weakness and improved risk appetite supported gains, but tariff-led export pressure and foreign institutional outflows capped sharper appreciation; near-term trading is expected within a defined range, with market cues from monetary policy expectations, inflation data, forex reserves, crude oil moves, and trade negotiation developments.