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Currency watch: Rupee rebounds 15 paise to 87.65 against US dollar after all-time low; RBI action, crude dip offer support
The rupee rebounded slightly to 87.65 against the dollar after hitting a record low, supported by lower crude oil prices and suspected RBI intervention. However, concerns linger due to Trump's tariff announcement and the US Federal Reserve's decision to hold interest rates steady, impacting market sentiment. Domestic equities also declined, with foreign institutional investors selling heavily.
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