The rupee traded in a tight range and settled 1 paisa lower at 86.62 (provisional) against the US dollar on Friday, as massive outflow of foreign funds and falling domestic equity markets dented investors' sentiment.

Market experts have underscored that Indian equities are grappling with a climate of uncertainty, driven by factors such as the anticipated policies of US President-elect Donald Trump, the Union Budget 2025-26, and the potential exodus of foreign investme...