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of <h1>Rupee Slides to 85.57 Against Dollar as Trade Deficit Widens and Oil Prices Surge, Impacting Market Sentiment</h1> The Indian rupee closed 3 paise weaker at 85.57 against the US dollar, impacted by negative market sentiment and higher crude oil prices. Trade deficit widening to USD 26.42 billion in April and import surge of 19.12% contributed to currency depreciation. Despite foreign capital inflows and export growth, the rupee remained range-bound between 85-86 levels.
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