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of <h1>Rupee Drops 16 Paise to 86.88 Against USD Amid Stronger Dollar and Rising Brent Crude Prices</h1> The rupee fell by 16 paise to 86.88 against the US dollar in early trade due to a stronger dollar, ongoing foreign institutional investor outflows, and rising Brent crude prices. Despite this, a rebound in domestic equity markets, with the BSE Sensex rising 117.57 points and Nifty up 31.3 points, helped limit further decline. The dollar index increased slightly by 0.03% to 106.62, while Brent crude rose 0.51% to $75.16 per barrel. Foreign institutional investors sold equities worth Rs 6,286.70 crore on Monday.
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