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Rupee Jumps Sharply After India–US Trade Deal Optimism
The rupee strengthened sharply as optimism over the India–US trade deal lifted investor confidence.
The Indian rupee jumped 119 paise to close at 90.30 against the US dollar after positive sentiment around the India–US trade deal. Stronger foreign inflows and improved risk appetite supported the currency. Market participants said expectations of higher exports, stable capital flows, and reduced trade uncertainty boosted confidence in the rupee, even as global currency markets remained volatile during the session.