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of <h1>Currency Strengthens Slightly as Foreign Investments Boost Rupee Despite Trade Deficit and Oil Price Challenges</h1> The Indian rupee marginally appreciated by 1 paisa to 85.53 against the US dollar, supported by strong foreign institutional investor inflows and a slight decline in the dollar index. Gains were limited by higher crude oil prices, negative domestic equity markets, and a widening trade deficit in April. The currency traded between 85.28 and 85.70 during the day, with exports rising 9.03% while imports increased 19.12%.
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