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of <h1>Currency Drops 7 Paise as Domestic Markets Decline and Oil Prices Surge, Dollar Weakness Offers Partial Cushion</h1> The Indian rupee declined 7 paise to close at 85.60 against the US dollar due to domestic equity market decline and rising crude oil prices. A weaker dollar against major currencies partially mitigated losses. Oil companies purchased dollars after oil prices reached $70 per barrel. The currency is expected to trade between 85.35-95.95 on Friday, influenced by upcoming US and Indian economic data releases.
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