Rupee gains 122 paise to close at 90.27/$
The Indian rupee surged 122 paise to close at 90.27 against the US dollar, driven by a trade deal with the US lowering tariffs on Indian goods. Domestic indices also rose by 2.75%, enhancing market sentiment.
pre-market1 source ↓written by the desknot a recommendation
- Indian rupee surged
- 122 paise
- to settle
- 1.33%
- against the US
- 90.27
- Indian goods
- 18%
- rise in domestic
- 2.75%
The Indian rupee surged 122 paise or 1.33% to settle at 90.27 against the US dollar, marking its highest level in two and a half weeks. This rally followed a trade deal between India and the US, which will lower tariffs on Indian goods to 18%.
The positive sentiment was further bolstered by a 2.75% rise in domestic indices and falling crude oil prices, indicating favorable conditions for investor inflows.
Not investment advice. For informational purposes only.