Indian rupee trades over 1 pc higher after US trade deal
Sandy Verma | February 3, 2026 5:24 PM CST
MUMBAI: The Indian rupee surged over 1 per cent on Tuesday, trading at 90.29 to the US dollar, following an India-US trade agreement that sparked investor optimism and prompted foreign inflows.
The local currency had closed at 91.53 on Monday, reaching a two-week high to gain 48 paise in the prior session, after the Reserve Bank of India reportedly intervened in the spot market.
Analysts said the rupee’s surge to the dollar pair was higher before it consolidated 90.20–91.20 zone. The current levels followed a corrective pullback after failing to sustain levels above 92, they said.
“The pullback is corrective in nature, with the broader higher-high, higher-low structure still intact on higher time frames, ” market participants said.
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