<h1>Rupee Drops to 85.73 Against US Dollar Amid Rising Crude Prices and Foreign Outflows; Slight Recovery Observed.</h1> The rupee declined by 5 paise to 85.73 against the US dollar, influenced by rising crude oil prices and foreign fund outflows. Despite initial losses, the rupee recovered slightly as the US dollar eased and domestic equity markets improved. The rupee's fluctuation ranged between 85.65 and 85.80 during the day. Analysts predict a negative bias for the rupee due to foreign outflows and US dollar strength. Meanwhile, India's services sector showed growth, and the Reserve Bank of India increased its gold reserves. The domestic equity market saw gains, with significant foreign investor sell-offs reported.