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    <description>The rupee settled lower against the US dollar as dollar strength and higher Brent crude futures exerted downward pressure, despite modest support from a rebound in domestic equities. Foreign institutional investor selling and sensitivity to the dollar index contributed to the move. Domestic wholesale price inflation eased markedly, while an external ratings projection cited ongoing GDP growth supported by infrastructure and consumption-factors that bear on medium-term exchange rate dynamics and monetary policy stance.</description>
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