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<h1>Rupee falls to record 91.99 amid month end dollar demand and geopolitical tensions; India EU FTA may shift market flows.</h1> The rupee depreciated to a record 91.99 against the US dollar due to month end dollar demand and geopolitical tensions, opening firmer on a softer dollar index but closing 31 paise down amid intra day volatility; market drivers included crude oil prices and foreign institutional investor flows. Separately, India and the EU concluded a negotiated free trade agreement granting duty free or concessional market access to specified sectors, a policy shift expected to affect capital flows and sectoral competitiveness.