Rupee Ends 7-Session Rally, Falls 13 Paise to 85.74/USD

The rupee snapped its 7-session winning streak, closing 13 paise lower at 85.74 against the US dollar due to increased dollar demand from importers and a recovery in the greenback. However, foreign fund inflows and positive domestic equities limited the losses. Rising crude oil prices may add pressure on the rupee in the near term, keeping it in the range of 85.50 to 86.