<h1>Rupee Hits Record Low at 86.62 Against US Dollar Amid Rising Oil Prices and Foreign Capital Outflows.</h1> The rupee fell to a record low, closing 58 paise down at 86.62 against the US dollar, marking its steepest single-day drop in nearly two years. This decline was driven by a stronger US dollar, rising crude oil prices, and significant foreign capital withdrawal from Indian equities. Foreign Institutional Investors sold equities worth Rs 2,254.68 crore, contributing to the rupee's depreciation. Analysts noted that the Reserve Bank of India allowed the rupee's fall amid dwindling forex reserves. The dollar's strength was supported by better-than-expected US job growth, while Brent crude prices rose to USD 80.65 per barrel.