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The rupee witnessed a rangebound trade and depreciated 5 paise to 86.76 against the US dollar in initial deals on Monday, weighed down by significant foreign fund outflows and a negative trend in domestic equities.

The IMD has issued a rain warning for the Northeast due to a cyclonic circulation over the Bay of Bengal. Heavy rain is expected in Assam, Meghalaya, and other states from February 15 – 21