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Mumbai : The rupee marginally weakened to 85.78 per dollar on Thursday, from its previous close of 85.71/$1 due to month end dollar demand from oil companies, traders said. The currency traded in a range of 85.73/$1 and 85.91/$1 during the day, LSEG data showed. The dollar index was at 104.4.
“There were mild dollar sales from oil companies and importers,” traders said. Market participants are now waiting for the tariff announcement by the US on April 2 and are uncertain on the outcome of reciprocal tariffs.
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https://economictimes.indiatimes.com/markets/forex/rupee-falls-to-85-78-on-dollar-demand-from-oil-cos/articleshow/119622932.cms
