Brief by Shorts91 Newsdesk / 09:34am on 03 Feb 2026,Tuesday India
The Indian rupee strengthened significantly, rising to ₹90.4 per US dollar after India and the United States announced a major trade agreement that cut U.S. tariffs on Indian goods to around 18 %. This boosted investor confidence and triggered a sharp rally in Indian equities, with Sensex and Nifty surging amid renewed foreign capital inflows. The deal also improved export prospects and attracted foreign institutional investors back to Indian markets, reversing recent capital outflows. Analysts believe the strengthened currency and positive market momentum reflect improved economic cooperation and optimism about India’s growth outlook. (PC: X)
