Rupee drops 20 paise to 90.07 against US Dollar; FED, trade talks eyed

• The Indian Rupee depreciated by 20 paise to 90.07 against the US Dollar in early Wednesday trade.
• Pressure on the Rupee was due to importer dollar demand, tariff concerns, and anticipation of the US FED's policy decision.
• Forex traders are focusing on upcoming US-India bilateral trade talks, which could offer some positivity for the Rupee.
• India and the US will begin three-day talks on the first phase of their proposed bilateral trade agreement from December 10.

Why It Matters: Your purchasing power and import costs are affected by the Rupee's fall.