The Indian rupee fell 15 paise to 88.65 against the US dollar in early trade on Wednesday, pressured by rising crude oil prices and continued foreign fund outflows.
At the interbank foreign exchange market, the domestic currency opened at 88.61 and later slipped to 88.65, compared to its previous close of 88.50.
Forex traders noted that renewed optimism over the India–US trade deal lent some support to the rupee at lower levels, helping limit further losses.