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Rupee rises 17 paise to 85.56 against US dollar in early trade

  • Rupee opened at 85.62 against the dollar, touched an early high of 85.56, rising 17 paise from its previous close.
  • US-India trade talks showed modest progress with tariff deadline extensions, supporting the rupee.
  • US excluded India from countries issued tariff letters, with imposed tariff deferred to August 1.
  • Dollar index fell, Brent crude price at $70.17 per barrel, affecting India's trade balance and putting pressure on the rupee.

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