<h1>Rupee drops 4 paise to 85.63 against dollar amid ongoing India-US trade talks</h1> The rupee depreciated 4 paise to 85.63 against the US dollar in early Wednesday trading as markets awaited the conclusion of India-US trade negotiations. The dollar index fell 0.11 percent to 96.70 amid dovish signals from the Federal Reserve chair. Trade talks between the two countries entered their sixth day, with negotiations at a crucial stage and a July 9 deadline approaching. The domestic currency is expected to remain range-bound between 85.35-95. Foreign institutional investors sold equities worth Rs 1,970.14 crore on Tuesday.