Rupee drops 22 paise to settle at 85.54 against dollar amid...

Rupee drops 22 paise to settle at 85.54 against dollar amid importers demand, FII outflows

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The Indian rupee weakened to 85.54 against the US dollar due to importer demand and foreign fund outflows, despite support from domestic equity gains and lower crude oil prices. Forex traders noted the rupee's decline of 22 paise, influenced by geopolitical factors and dollar strength.

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