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    <title>Rupee falls 22 paise to 87.78 against US dollar in early trade</title>
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    <description>A draft US notice proposing an additional 25 per cent tariff on Indian goods prompted stronger dollar demand from importers and immediate rupee depreciation in early trade, with market participants citing specific exchange-rate levels where the central bank typically acts. The tariff prospect, coupled with geopolitical and central-bank independence concerns, intensified market volatility and contributed to equity declines and foreign institutional outflows.</description>
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