Rupee falls 21 paise to 85.60 against US dollar amid weak equities, FII outflows

The Indian rupee weakened to 85.60 against the US dollar on Tuesday, pressured by a stronger greenback and continuous foreign fund outflows. Domestic equities also fell, and geopolitical uncertainties loomed. Investors are cautious ahead of the RBI’s monetary policy decision, due June 6. The dollar index rose, while Brent crude dipped slightly.