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Currency watch: Rupee ends 18 paise lower at 86.70 against dollar; trade jitters and Fed uncertainty weigh on sentiment

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The rupee weakened to 86.70 against the US dollar due to month-end dollar demand and caution before trade and monetary policy decisions. A stronger dollar, influenced by the EU-US trade pact, and uncertainty over India's trade talks with the US also contributed. Weak domestic industrial output and declining forex reserves further pressured the rupee.
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