The rupee appreciated by 17 paise to 86.28 against the US dollar on Tuesday as the dollar index weakened to 108.31 and crude oil prices eased to USD 80.11 per barrel. Despite sustained Foreign Institutional Investor outflows of USD 6.73 billion this month, softer US bond yields and a positive budget outlook provided support. Traders are cautiously optimistic amid tariff concerns and volatile equity markets.
