<h1>Rupee Closes at 85.52 Against USD Amid Strong Dollar Demand and Declining Forex Reserves.</h1> The rupee fell 4 paise to close at 85.52 against the US dollar due to strong dollar demand from importers, foreign fund outflows, and weak domestic equities. The currency experienced significant volatility linked to the expiry of December currency futures and maturing forward positions. On Friday, it hit a record low of 85.80 before recovering slightly. Analysts expect continued pressure on the rupee due to US dollar strength, high crude oil prices, and foreign institutional investor outflows. The Reserve Bank of India may intervene to support the rupee. Meanwhile, India's forex reserves have been declining, reaching USD 644.391 billion.