<h1>Indian Rupee Gains 33 Paise Against US Dollar Amid Weaker Dollar and Foreign Banks Selling</h1> The Indian rupee appreciated by 33 paise to close at 86.65 against the US dollar, supported by a weakening dollar in the overseas market. Forex traders noted a negative bias for the USD/INR pair amid muted domestic equities and continued foreign fund outflows. The rupee's gain was driven by foreign banks selling dollars and unwinding of long positions by market players. The US dollar index fell by 0.21%, while Brent crude rose slightly. Despite strong economic indicators, a robust dollar could increase capital outflows and external vulnerabilities. The BSE Sensex and Nifty both experienced declines, with foreign investors offloading equities significantly.