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of <h1>Rupee falls 22 paise to 86.02 against dollar on crude oil surge and foreign fund outflows</h1> The rupee depreciated 22 paise to close at 86.02 against the US dollar amid rising global crude oil prices and a strengthening greenback. Foreign fund outflows and delays in trade deal negotiations further pressured the local currency. The dollar index rose 0.03 percent while Brent crude increased 1.56 percent. A commerce ministry team reached Washington for bilateral trade agreement talks. Wholesale price inflation turned negative at 0.13 percent in June. Foreign institutional investors sold equities worth Rs 5,104.22 crore on Friday. India's forex reserves dropped USD 3.049 billion to USD 699.736 billion.
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