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Rupee edges lower to 85.74 against dollar amid crude oil pressure, importer demand

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The Indian Rupee weakened slightly against the US dollar on Tuesday, weighed down by rising crude oil prices and heightened demand from importers. The Reserve Bank of India intervened in the currency market to limit excessive volatility and keep fluctuations in check. On the equities front, domestic stock markets opened on a subdued note during the same session. However, foreign institutional investors continued to buy into Indian equities, providing some support to overall market sentiment.

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Rupee edges lower to 85.74 against dollar amid crude oil pressure, importer demand · ShortSingh