Indian Rupee strengthens on US-India trade deal
pre-market1 source ↓written by the desknot a recommendation
- has declined
- 90.27
- on Wednesday
- ₹5,236.28 cr
The Indian Rupee is trading higher against the US Dollar, buoyed by the recent US-India trade truce, which reduced tariffs on Indian exports from 50% to 18%. The USD/INR pair has declined to 90.27. Investors are now eyeing the RBI's decision to maintain the Repo Rate at 5.25% amid expectations of steady US interest rates.
• Net FII investment in Indian stocks reached ₹5,236.28 cr on Wednesday, reflecting strong overseas interest.
• The trade agreement has sparked optimism in the Indian stock market, contributing to the Rupee's gains.
Not investment advice. For informational purposes only.