<h1>Rupee holds steady at 85.92 despite weaker dollar as foreign outflows offset favorable conditions</h1> The rupee traded flat at 85.92 against the US dollar in early trade, unchanged from its previous close despite a weaker dollar and declining global crude oil prices. Foreign institutional investor outflows and uncertainty over bilateral trade talks prevented the domestic currency from strengthening. The central bank intervened by selling dollars on Monday. Retail inflation fell to a six-year low of 2.1 percent in June, while wholesale price inflation turned negative for the first time in 19 months. A commerce ministry team traveled to Washington for trade agreement discussions. Foreign investors sold equities worth Rs 1,614.32 crore on Monday.