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of <h1>Indian Rupee Weakens to 86.71 Against USD Amid Foreign Fund Outflows and Strong Dollar; Crude Prices Offer Some Relief.</h1> The Indian rupee closed 7 paise lower at 86.71 against the US dollar, influenced by ongoing foreign fund outflows and a strengthening US dollar index. Initially opening positively at 86.50, the rupee fell to an intra-day low of 86.77. The decline was cushioned by weak crude oil prices. Analysts predict a negative bias for the rupee due to weak domestic markets and foreign investor selling, though potential RBI intervention and low crude prices might offer support. Domestic markets saw the BSE Sensex and Nifty decline, while foreign institutional investors sold equities worth Rs 3,311.55 crore. Moody's Analytics forecasts a slowdown in India's growth to 6.4% in 2025.
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