Rupee strengthens 119 paise to 90.30 on trade deal
The rupee strengthened 119 paise to 90.30 against the dollar as U.S. tariffs on India were reduced from 50% to 18%. This change is expected to enhance India's competitive position and attract foreign institutional investors back into the market.
after close1 source ↓written by the desknot a recommendation
- The rupee appreciated
- 119 paise
- against the U.S
- 90.30
- after U.S
- 3 Feb 2026
- were cut
- 50% to 18%
The rupee appreciated 119 paise to 90.30 against the U.S. dollar in early trade on 3 Feb 2026 after U.S. tariffs on India were cut from 50% to 18%. This shift enhances India's competitive position, potentially boosting FII participation in Indian equities. Traders expect renewed interest from foreign investors following the trade agreement.
Not investment advice. For informational purposes only.