Rupee falls 32 paise to 85.64 against US dollar in early trade

The rupee depreciated 32 paise to 85.64 against the US dollar in early trade on Thursday, tracking a negative trend in domestic equities.

Forex traders said investors are awaiting cues from US FED Chair Jerome Powell’s speech on Thursday. His comments will be closely watched on how the Central Bank plans to proceed with Monetary Policy easing, they said.

Meanwhile, the weakness of the American currency and easing crude oil prices offered some support to the local unit and restricted the downfall. PTI