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    <title>Rupee rises 12 paise to 85.86 against US dollar in early trade</title>
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    <description>Rupee appreciation in early trade was supported by strong domestic capital inflows-including FII equity purchases, state and state run enterprise debt mobilization, and NBFC bond issuance-which bolstered liquidity and investor confidence; however, the currency remains vulnerable to external shocks such as crude oil price volatility and domestic liquidity constraints, while RBI operations and a rise in foreign exchange reserves helped reinforce resilience.</description>
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