What factors are currently pressuring the Indian rupee and what is its expected trading range?

The Indian rupee is currently under pressure due to multiple factors including rising crude oil prices, weak market sentiment, and foreign investor outflows, according to financial experts. These elements have collectively weighed on the currency's performance. The USD/INR pair is expected to trade within a specific range between 86.75 and 87.25. Market analysts anticipate possible interventions by the Reserve Bank of India (RBI) at weaker levels, particularly when markets open, to potentially stabilize the currency against excessive depreciation.