<h1>Rupee Drops 38 Paise to 87.33 Against Dollar Amid Crude Oil Volatility and Foreign Fund Outflows</h1> The rupee fell by 38 paise to 87.33 against the US dollar, marking its worst single-day decline in over a month, due to volatile crude oil prices and continuous foreign fund outflows. Despite a weaker dollar, the domestic currency was pressured by a sell-off in the equity market. The rupee opened weak and experienced significant volatility, reaching a low of 87.36. Meanwhile, domestic equity markets fell, with the BSE Sensex and Nifty both declining. Foreign institutional investors sold equities worth Rs 2,035.10 crore, and the country's forex reserves decreased by USD 1.781 billion.