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( As on 02/07/2025 10:17)

Rupee slips 4 paise to 85.63 against US dollar in early trade

The rupee weakened by 4 paise to 85.63 against the US dollar in early trade on Wednesday, moving within a narrow range as investors awaited the finalisation of the India-US trade deal, which is nearing completion.

According to forex traders, the dollar index remained under pressure against major global currencies, as markets absorbed dovish signals from US Federal Reserve Chair Jerome Powell.

At the interbank foreign exchange, the rupee opened at 85.59 against the dollar and touched a low of 85.63 in initial trades, marking a 4-paise drop from its previous close.