Rupee Dips 1 Paisa to 90.66 Against US Dollar Amid Trade Deal Assessment

• The rupee closed at 90.66 against the US dollar, down 1 paisa, after a volatile trading session.
• Volatility was driven by positive domestic equities and foreign fund inflows, offset by investor risk-off sentiments.
• India and the US announced an interim trade agreement to reduce import duties and boost two-way trade.
• India intends to purchase USD 500 billion of US products over the next five years.
• Foreign Institutional Investors bought equities worth Rs 2,254.64 crore; India's forex reserves hit a new high of USD 723.774 billion.