<h1>Rupee Drops 8 Paise to 85.77 Against Dollar Amid Increased Importer Demand and US Tariff Announcements</h1> The rupee declined by 8 paise to close at 85.77 against the US dollar due to increased month-end dollar demand from importers and the US dollar's recovery following the announcement of new tariffs on automotive imports by the US president. Despite pressures from liquidity constraints and potential reciprocal tariffs, positive domestic markets and foreign fund inflows provided some support. The rupee fluctuated throughout the day, opening at 85.90, reaching a high of 85.73, and a low of 85.93. Analysts suggest a slight negative bias for the rupee due to elevated crude oil prices and dollar demand. Meanwhile, domestic equity markets saw gains, with the BSE Sensex and Nifty both rising.