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.