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    <title>Rupee pares initial gains, settles 18 paise lower at 86.70 against US dollar</title>
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    <description>The rupee settled lower against the dollar as month end importer dollar demand, foreign portfolio outflows and a stronger dollar pressured the currency. Market caution ahead of India-US trade talks and upcoming US and Japan monetary policy decisions reinforced a negative bias. RBI data showed a recent decline in foreign exchange reserves, while slower industrial production and equity market outflows were cited as additional stressors that could affect currency stability.</description>
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