The local currency closed 32 paise lower at 88.13 per dollar, compared with the previous close of 87.8150/1$.The rupee had gained amid broad weakness in the dollar in anticipation of a rate cut by the Late Wednesday, the US Fed cut Immediately after the rate announcement, the dollar weakened further but rebounded after Powell signalled caution and the so-called "dot plot" indicated only 1 rate cut in 2026, currency dealers said.Live Events"Dollar weakness is expected to persist as the rate cut cycle in 202 ...