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of <h1>Rupee Drops 14 Paise to 85.44 as Foreign Outflows and Market Uncertainties Pressure Currency Exchange Rates</h1> The Indian rupee settled 14 paise lower at 85.44 against the US dollar due to foreign fund outflows and global market uncertainties. Initial gains from a weak dollar and declining crude oil prices were reversed by negative equity market sentiment. Foreign institutional investors withdrew significant funds, and market concerns centered on escalating trade tensions and macroeconomic challenges, impacting currency valuation.
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