At the interbank foreign exchange, the rupee opened on a weak note and witnessed an intra-day low of 85.79 and a high of 85.68 against the American currency.

Rupee weakens against US dollar due to strong American currency, market focus on Trump's policies, and record low closing.

The rupee fell 11 paise to 85.75 against the US dollar, affected by the rising dollar index and US bond yields. Persistent foreign fund outflows and low volumes due to the holiday season further impacted the rupee.

Rupee dips 11 paise to 85.75 against the US dollar, pressured by strong greenback, foreign fund outflows, and low holiday-season trading volumes; GST revenue grows seven percent in December.

With today being the last day for the rollover of positions, the rupee is expected to remain volatile, expert Anil Kumar Bhansali said.

The Indian rupee weakened against the US dollar in early trade on Thursday, driven by a strong dollar index and concerns over foreign fund outflows. Read more.

Rupee falls to 85.75 against US dollar due to strong dollar index, foreign fund outflows, and low holiday volumes.

Kunal Sodhani of Shinhan Bank noted that the first upside resistance for USD/INR stands at the all-time high of 85.81. A breakout above this level could push the currency pair towards the psychological 86.00 mark. On the downside, the 85.45 level, which has turned into support, may act as the first downside target.

The Indian rupee weakened by 11 paise, reaching 85.75 against the US dollar in early trade, as the dollar index remained strong and foreign fund outflows dampened market sentiment. The outlook for the rupee remains under pressure with global markets experiencing lower trading volumes.