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of <h1>Rupee Drops to 86.57 per Dollar Amid Strong Demand from Oil Importers and Weak Risk Appetite.</h1> The rupee depreciated by 26 paise to 86.57 against the US dollar in early trading on Tuesday due to strong demand for dollars from oil importers and weak risk appetite. Forex traders noted continued pressure from foreign fund outflows and the robust performance of the US dollar. The upcoming Union Budget is anticipated to influence market sentiment and foreign investments. The rupee had previously closed at 86.31 against the dollar. The dollar index rose by 0.49%, while Brent crude prices steadied. In domestic markets, the BSE Sensex and Nifty showed gains, despite significant foreign institutional investor sell-offs.
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