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flag Indian rupee drops against the US dollar due to rising oil prices and foreign fund outflows.

flag The Indian rupee fell by 47 paise to close at 85.87 against the US dollar on Monday, July 7, 2025, due to rising crude oil prices, a strong US dollar, and outflows of foreign funds amid uncertainties over US President Donald Trump's trade tariffs. flag Foreign institutional investors also sold equities worth ₹760.11 crore on Friday, July 4, adding to the rupee's decline. flag Meanwhile, India's forex reserves increased to $702.78 billion for the week ended June 27. flag The Pakistani rupee depreciated slightly, with no significant changes against major currencies.

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