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<h1>Rupee Slides 18 Paise to 85.50 as Dollar Demand Rises, Market Sentiment Remains Cautiously Optimistic</h1> The Indian rupee depreciated 18 paise to close at 85.50 against the US dollar, influenced by import-related dollar demand and foreign fund outflows. Despite initial volatility, domestic market surge and lower crude oil prices provided some cushioning. Forex traders anticipate potential support from easing geopolitical tensions and await insights from US economic data and Federal Reserve comments.