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of <h1>Currency Under Pressure: Rupee Slides to 85.59 Against Dollar Amid Import Demand and Crude Oil Price Surge</h1> The Indian rupee closed at 85.59 against the US dollar, down 1 paisa due to dollar demand from importers and rising crude oil prices. Market sentiment was influenced by increasing US Treasury yields and foreign fund outflows. Despite these pressures, positive domestic markets and a weak US dollar index provided some support to the currency's performance.
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