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    <title>Rupee rises 18 paise to 87.34 against US dollar in early trade</title>
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    <description>The rupee appreciated in early trade, aided by domestic equity gains and active RBI intervention to counter excessive depreciation. Near term direction hinges on the implementation of additional trade tariffs and forthcoming US economic data that will influence Federal Reserve rate expectations, while trade tensions over discounted oil imports and foreign portfolio outflows pose downside risks despite supportive forex reserve inflows.</description>
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