<h1>Rupee Drops to 87.40 Against US Dollar Amid Foreign Fund Outflows and US Tariff Uncertainty</h1> The rupee fell by 8 paise to 87.40 against the US dollar in early trade, influenced by ongoing foreign fund outflows and a liquidity deficit. Forex traders attribute market volatility to uncertainty over US tariff impositions. The dollar index dropped 0.12%, reflecting trade tensions from renewed US tariff policies. Brent crude decreased by 0.63% to USD 71.17 per barrel. The BSE Sensex fell by 175.61 points, and the Nifty dropped by 61.55 points. Foreign Institutional Investors sold equities worth Rs 4,788.29 crore. President Trump's tariffs on Mexico and Canada, aimed at tackling fentanyl trafficking and illegal immigration, have heightened global trade concerns.