Rupee Gains 17 Paise Against Dollar Amid Easing Trade War Fears

• The Indian rupee strengthened by 17 paise to 91.41 against the US dollar in early trade on Friday.
• Investor sentiment improved after US President Donald Trump softened his stance on tariff threats against Europe, reducing immediate trade war concerns.
• Forex traders noted that reduced geopolitical concerns and improved risk-taking ability led to a slight recovery in emerging market currencies, including the rupee.
• The rupee opened at 91.45 and traded higher at 91.41, recovering from its previous close of 91.58 on Thursday.
• Despite the recovery, continuous outflow of foreign funds and global geopolitical uncertainties keep the rupee under pressure, with a pending trade agreement with the US being a crucial stabilizing factor.

Why It Matters: Rupee strengthens as trade war fears ease, but global uncertainties and foreign fund outflows persist.