<h1>Rupee Drops 24 Paise to 85.93 Against USD Amid Global Trade War Fears and US Tariff Announcement</h1> The rupee fell 24 paise to 85.93 against the US dollar in early trade due to renewed fears of a global trade war following US President Trump's announcement of 25% tariffs on automotive imports. This move strengthened the US dollar, impacting currency markets. The rupee faced pressure from liquidity constraints and increased demand for the US dollar from importers. Despite this, foreign fund inflows provided some support. The rupee opened at 85.90, later dropping to 85.93. Meanwhile, the US dollar index was slightly lower, and domestic equity markets experienced gains, with foreign institutional investors purchasing equities.