<h1>Rupee Drops 16 Paise to 86.95 Against Dollar Amid Strong USD, Foreign Fund Outflows, and Weak Domestic Equities.</h1> The rupee fell by 16 paise to 86.95 against the US dollar, ending a three-day winning streak, due to a strong American currency and continued foreign fund outflows. Initially, the rupee showed strength, aided by easing crude oil prices, but weakened amid volatile domestic equity markets and foreign portfolio investor outflows. Analysts attributed the early gains to Reserve Bank of India's intervention, but noted a negative bias due to weak domestic equities and foreign institutional investor outflows. The US dollar index rose slightly, influenced by new US tariffs on aluminium and steel, while Brent crude prices fell. Domestic stock indices Sensex and Nifty also declined.