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<h1>Rupee Slides 7 Paise to 85.55 as Oil Prices and Import Demand Pressure Currency Markets</h1> The Indian rupee depreciated by 7 paise, closing at 85.55 against the US dollar. Market volatility, rising crude oil prices, and month-end import demand contributed to the currency's decline. Traders remained cautious ahead of GDP data release, while the weak US dollar index and foreign institutional investor inflows provided some support to the currency's movement.
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