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Indian Rupee falls 40 paise to 96.75 against the US dollar after RBI raises key policy rate by 25 bps to 5.5% amid inflation concerns and hawkish stance.
Rupee closes at 96.30 vs USD amid mixed risk sentiment, oil boosts, RBI policy in focus, with cash flows and reserves in view.
The rupee depreciated 5 paise to close at 96.30 (provisional) against the US dollar on Monday, as elevated oil prices and persistent foreign fund outflows kept the Indian currency