<h1>Rupee Drops 21 Paise to 86.61 Against Dollar Amid Strong Dollar, High Oil Prices, and Foreign Fund Outflows.</h1> The rupee depreciated by 21 paise to 86.61 against the US dollar, influenced by a strong dollar, high crude oil prices, and foreign fund outflows. Despite positive domestic equity markets, the rupee faced pressure due to increased dollar demand from importers. Analysts noted the dollar index's recovery and crude price volatility as contributing factors. The rupee's trading range is expected to be between 86.35 and 86.75. Domestic equity markets saw gains, with the BSE Sensex and Nifty rising. Foreign institutional investors sold equities worth Rs 4,341.95 crore. Geopolitical uncertainties may continue to affect the market until the US administration change.