<h1>Rupee Drops to 86.61 Against Dollar Amid Foreign Fund Outflows and Investor Concerns Ahead of Fed Meeting.</h1> The rupee weakened by 4 paise to 86.61 against the US dollar in early trade due to ongoing foreign fund outflows, high dollar demand from oil importers, and weak risk appetite. Investors are awaiting the US Federal Reserve meeting outcome, and global risk sentiments are affected by tariff threats from the US President. The rupee opened at 86.58 and fell to 86.61. A decline in crude oil prices provided some relief. The Reserve Bank of India plans liquidity injections, including a USD/INR swap auction, ahead of its monetary policy meeting, which may see a reduction in the benchmark lending rate.