Rupee falls 1 paisa to 85.92 against US dollar in early trade

The rupee fell to a record low of 85.92 against the US dollar due to a strong American currency and rising crude oil prices. Forex traders cited foreign fund outflows and subdued domestic equity markets. The 10-year US bond yields remained high, impacting the rupee. FIIs offloaded Rs 3,362.18 crore in the capital markets.