<h1>Indian rupee gains 16 paise to 85.39 against dollar on weak US currency and falling crude prices</h1> The Indian rupee strengthened 16 paise to close at 85.39 against the US dollar, supported by a weakening American currency and declining crude oil prices. Asian currencies gained on optimism following a US trade agreement announcement, though uncertainty over trade tariffs may limit further gains. The dollar index fell 0.24% while Brent crude dropped 1.18%. Domestic equity markets rose with foreign institutional investors selling equities worth Rs 1,481.19 crore. India's services sector growth reached a ten-month high in June.