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of <h1>Currency Volatility: Rupee Drops 10 Paise as Dollar Strength and Oil Prices Challenge Market Stability</h1> The Indian rupee declined 10 paise to close at 85.48 against the US dollar due to a strong American currency and rising global crude oil prices. Positive domestic equity markets and foreign fund inflows helped restrict the currency's slide. Month-end dollar demand and potential foreign institutional investor outflows may continue to pressure the rupee's exchange rate.
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