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flag Indian rupee strengthens against the US dollar as oil prices fall and the US dollar weakens.

flag The Indian rupee gained value against the US dollar on Monday, reaching 85.44, due to a weaker US dollar and falling oil prices. flag Brent oil dropped to $67 a barrel, influenced by a ceasefire between Iran and Israel. flag However, the rupee had fallen 23 paise to 85.73 on June 30 due to weak domestic equities and rising oil prices. flag Despite improvements in global risk sentiments, local investor sentiment was dampened.

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