<h1>Indian rupee drops 3 paise to 86.08 against dollar amid foreign fund outflows and US dollar strength</h1> The Indian currency declined 3 paise to close at 86.08 against the US dollar, reversing earlier gains due to US dollar index recovery and foreign fund selling pressure. The currency traded between 85.79-86.14 during the session. A ceasefire between regional nations boosted risk appetite, while strong domestic equity performance limited steeper losses. Oil companies' intervention pushed the currency lower from its daily high. Foreign institutional investors sold equities worth Rs 2,427.74 crore. Traders await trade data and current account figures for direction, with the currency expected to trade between 85.75-86.50.