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of <h1>Rupee Drops to 87.23 Against Dollar Amid Importer Demand and US Trade Tariff Uncertainty</h1> The rupee depreciated by 51 paise to close at 87.23 against the US dollar due to increased dollar demand from importers and uncertainty over US trade tariffs. Contributing factors included a strong US dollar, foreign institutional investor outflows, and short position covering. Despite this, the Sensex rose by 147.71 points, while the Nifty fell slightly. The dollar index increased by 0.04%, and Brent crude oil prices declined marginally. Analysts expect the rupee to remain under pressure due to domestic market weakness and FII outflows, though RBI intervention and lower crude prices might offer some support.
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