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The Indian rupee closed a touch lower, pressured by surging oil prices, likely to widen the current account deficit and push inflation further up.

Anindya banerjeeResearch at mehta equitiesSurging oil indianRupee closesTouch lowerPressured by surging oilForeign institutional investorsDeputy vice presidentCurrency derivativesInterest rate derivativesPrashanth tapeVice presidentGlobal marketRupee dollarSurging crudeOil prices