<h1>Indian Rupee Recovers Slightly to 86.62 Against USD Amid Volatility; Inflation Eases, RBI May Adjust Rates.</h1> The Indian rupee recovered slightly, rising 8 paise to 86.62 against the US dollar, after hitting a historic low due to the retreat of the dollar from its peak and a minor recovery in domestic equity markets. Despite this, the rupee remains under pressure from high crude oil prices and foreign fund outflows. The rupee's recent volatility includes a significant drop of 66 paise, marking its steepest fall in nearly two years. Analysts suggest the rupee may remain weak due to ongoing inflationary pressures. Meanwhile, domestic retail inflation eased, potentially allowing the Reserve Bank of India to adjust interest rates.