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Currency market watch: Rupee opens at 89.45 against US dollar; analysts suggest gains if IndiaUS ties ease

The Indian rupee opened at 89.45 against the US dollar, trading in a narrow range as equity gains were countered by rising crude oil prices and foreign fund outflows. Analysts suggest the rupee could strengthen towards 88.90 if India-US trade relations improve, with strong support at 88.80-89.00.