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of <h1>Currency Weakness Continues as Importers' Dollar Demand and Global Tensions Drive Rupee to 85.96 per Dollar</h1> The Indian rupee depreciated 37 paise to close at 85.96 against the US dollar due to increased dollar demand from importers and foreign banks, along with rising crude oil prices. Factors contributing to the decline include surging US bond yields, narrowing yield differentials, and geopolitical tensions in the Middle East. The currency has fallen 54 paise in the last three trading sessions, influenced by market sentiment and technical trading patterns.
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