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<h1>Rupee recovery extends as equity gains and softer crude support, outlook cautious ahead of US CPI and Fed remarks.</h1> Rupee strengthened 13 paise to 86.40 against the US dollar, supported by domestic equity gains and falling crude prices while FII outflows limited gains; market watchers cited weaker US producer price data as a factor in dollar softness but warned that elevated US inflation could prompt dollar recovery, advising attention to upcoming US CPI and Fed commentary and expecting USD INR around 86.25-86.65.