Rupee falls 15 paise to 85.34 against US dollar in early trade

The Indian rupee weakened to 85.34 against the US dollar on Wednesday, a 15 paise drop, as the dollar rebounded following President Trump's conciliatory remarks towards the Federal Reserve and China. This shift boosted US indices and lowered bond yields. Positive domestic equity market trends saw the Sensex and Nifty rise, supported by foreign institutional investors' buying activity.