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Rupee falls 20 paise against dollar amid rising crude prices, strong dollar

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The Indian rupee weakened against the US dollar on Wednesday, reversing earlier gains. A surge in crude oil prices and ongoing geopolitical tensions weighed on currency markets. The dollar index gained strength, while Brent crude futures rose sharply, adding further pressure. Domestic equity markets also opened on a cautious note, reflecting the broader negative sentiment. Despite the turbulence, foreign institutional investors had remained net buyers of Indian equities in the previous session.

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