The rupee dropped to a new low of 84.13 against the US dollar on Tuesday, driven by foreign fund outflows, weak domestic equities, and global economic uncertainties surrounding the US election and Federal Reserve's upcoming policy announcement.

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The Indian rupee fell 2 paise to reach an unprecedented low of 84.13 against the US dollar in early trade on Tuesday, impacted by continued foreign fund outflows and a subdued trend in domestic equities, according to PTI. Forex traders noted that market sentiment remains cautious due to the uncertain outcome of the US presidential election, coupled with an upcoming Federal Reserve policy announcement, both of which are expected to influence market movements over the next few days.
The rupee opened at 84.13 against the dollar at the interbank foreign exchange market, registering a slight decline of 2 paise compared to its previous close. This comes after the rupee had already reached a historic low of 84.11 against the US dollar on Monday.