Rupee Hits 3-Week High, Strongest in 3 Years After India-US Trade Deal
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News18•03-02-2026, 17:20
Rupee Hits 3-Week High, Strongest in 3 Years After India-US Trade Deal
- •The Indian Rupee strengthened to 90.19 against the dollar, its highest in three weeks, following the finalization of the India-US trade deal.
- •This marks the Rupee's biggest single-day gain in over three years, registering an over 1 percent increase.
- •Previously, the Rupee had weakened by approximately 5 percent over six months due to global uncertainties and tariff pressures.
- •The trade deal includes a reduction of US tariffs from 50 percent to 18 percent, benefiting Indian exporters.
- •The deal has also led to a strong rally in the stock market, with Sensex and Nifty surging, signaling renewed foreign investor interest.
Why It Matters: The India-US trade deal significantly boosted the Rupee and stock market, signaling renewed economic confidence.
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