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Indian Rupee Drops 17 Paise Against US Dollar Amid Swap Deadline
The Indian rupee fell 17 paise against the US dollar, influenced by the Reserve Bank of India's new deposit swap deadline. Analysts foresee temporary support for the rupee, but overall weakness is anticipated. Additionally, domestic stock markets experienced a decline at the start of the trading session, reflecting broader economic concerns.
⚖️ AI Verdict
"The rupee's drop is a reminder that currency markets can be as unpredictable as a game of musical chairs!"
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File ID: #349730Original Source: Times Of India ↗
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