<h1>Rupee Drops to Record Low of 85.64 Against US Dollar Amid Foreign Outflows and Strong Dollar Demand.</h1> The rupee fell 12 paise to a record low of 85.64 against the US dollar, marking a 3% annual decline due to foreign fund outflows and a strong dollar. Factors contributing to the rupee's depreciation include the Federal Reserve's rate stance, the 'Trump factor,' slowing domestic growth, and a widening trade deficit. Foreign Institutional Investors sold Rs 4,645.22 crore in capital markets. The rupee's decline was exacerbated by elevated crude oil prices and strong dollar demand. India's external debt rose to USD 711.8 billion. The Sensex fell slightly, while the Nifty remained flat. The current account deficit moderated to USD 11.2 billion.