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Rupee falls 7 paise vs dollar as Brent crude holds above $91 per barrel

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The Indian rupee weakened by 7 paise against the US dollar on Tuesday morning amid rising crude oil prices and sustained dollar demand. Brent crude futures trading above $91 per barrel intensified the need for dollar purchases. The Reserve Bank of India's recent closure of a forex-swap facility further weighed on the currency by reducing inflows. Domestic equity markets also opened lower, with continued selling by foreign institutional investors adding to the pressure on the rupee.

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Rupee falls 7 paise vs dollar as Brent crude holds above $91 per barrel · ShortSingh