Mumbai : The rupee depreciated 20 paise to 90.07 against the US dollar in early trade on Wednesday, facing pressure from importer dollar demand, tariff concerns and market anticipation of US FED Reserve policy decision.
Forex traders said all eyes will be on the US- India trade talks which could give some positivity to the rupee in the coming days.
India and the United States will commence three-day talks on the first phase of their proposed bilateral trade agreement here from December 10.
At the interbank foreign exchange, the rupee opened at 90.00 against the US dollar , then lost ground and fell to 90.07 against the American currency.
On Tuesday, the rupee settled at 89.87 against the US dollar. “The rupee is expected to remain in the trading range of 89.70-90.20 for the day

The Siasat Daily

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