<h1>Rupee Drops 19 Paise to 87.37/USD Amid Strong Dollar, Market Uncertainty, and Foreign Fund Outflows</h1> The rupee weakened by 19 paise, closing at 87.37 against the US dollar, influenced by a strong dollar and declining domestic equities. Market uncertainty due to potential US tariffs added volatility, affecting the US Dollar Index. The rupee opened at 87.32, reached a low of 87.53, and ended at 87.37. Foreign Institutional Investors sold equities worth Rs 11,639.02 crore. The Reserve Bank conducted a USD 10 billion swap to inject liquidity. Despite efforts to stabilize the currency, the rupee's decline continued amid escalating foreign fund outflows and global tariff concerns. The country's forex reserves increased by USD 4.758 billion.