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Currency watch: Rupee ends 12 paise lower at 86.52 as equities drop and crude rises; trade uncertainty, FIIs weigh
The Indian rupee weakened to 86.52 against the US dollar due to declining domestic equities, rising crude oil prices, and continuous foreign fund outflows. A stronger dollar and uncertainty surrounding the US-India trade deal further pressured the rupee. Investors are also cautious about upcoming monetary policy decisions and geopolitical tensions, influencing the currency's near-term outlook.
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