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Rupee ends lower for fifth day: Falls 7 paise to 86.38 against dollar amid trade deal uncertainty; FII outflows persist
The rupee weakened to 86.38 against the US dollar due to India-US trade deal uncertainty and foreign fund outflows. Despite softer crude oil prices and a weaker dollar providing some support, negative domestic equity trends limited gains. Traders are cautious ahead of US economic data releases, with the USD-INR spot price expected to trade between 86.10 and 86.65.
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