The Indian rupee witnessed a significant drop, slipping 38 paise to close at 85.82 against the US dollar amidst global market turbulence fueled by trade disputes and concerns over an economic slowdown. Despite a decrease in crude oil prices, the rupee faltered as Foreign Institutional Investors (FIIs) and domestic investors pulled out. The Reserve Bank of India’s (RBI) upcoming monetary policy announcement and the downward trend in crude prices could impact the trajectory of the rupee in the coming days.