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of <h1>Rupee Slides 23 Paise to 85.63 Against Dollar on Crude Price Surge and Export Demand Dynamics</h1> The Indian rupee depreciated 23 paise to 85.63 against the US dollar in early trade, influenced by strengthening American currency and rising crude oil prices. The decline was further driven by increased dollar demand from exporters and banks, amid cautious investor sentiment and awaiting macroeconomic data cues. The dollar index rose, supported by improving US consumer confidence, while domestic equity markets showed marginal gains.
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