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of <h1>Currency Volatility: Rupee Drops 21 Paise as Dollar Strengthens, Markets React to Global Economic Pressures</h1> The Indian rupee declined 21 paise to 85.60 against the US dollar, influenced by a strong American currency and foreign fund outflows. The decline occurred amid negative domestic equity markets and geopolitical uncertainties. Traders are awaiting the Reserve Bank's monetary policy announcements, with potential impacts from trade tensions and international economic indicators. Foreign institutional investors sold equities, and manufacturing sector growth showed signs of slowdown.
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