Rupee Dips 11 Paise to 91.79 Against US Dollar Amid Foreign Fund Outflows

• The rupee closed at 91.79 against the US dollar, down 11 paise, after paring initial gains.
• Initial strength came from a softer US dollar index and a trade breakthrough with Europe.
• Selling pressure from foreign funds and geopolitical tensions led to the rupee's decline.
• The rupee opened at 91.60, touched a high of 91.50, and an intra-day low of 91.83.
• Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,068.49 crore on Tuesday.

Why It Matters: The rupee weakened against the US dollar due to foreign fund outflows, despite positive trade news.