Rupee falls 4 paise to 85.63 against US dollar

MUMBAI: The rupee traded in a narrow range and depreciated 4 paise to 85.63 against the US dollar in early trade on Wednesday, as market awaits the conclusion of India-US trade deal, which is at its final stage.

Forex traders said the dollar index continued to remain under pressure against major peers as traders considered the dovish hints from FED chair Jerome Powell.

At the interbank foreign exchange, the domestic unit opened at 85.59 against the greenback. In initial trade, it witnessed a low of 85.63, registering a fall of 4 paise over its previous close.