Is it bad for you to drink slightly rusty water?

I just bought a new tea kettle about 3 weeks ago. After I use it for tea or hot chocolate (white chocolate!), I let the water cool in it over night and then use it to fill my water bottle but, there's a ring of rust around the bottom of the inside of the kettle, now! The water in the bottle has a slight red tint to it.

Is it bad for you to drink slightly rusty water?
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