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Re logs best single-day gain since Dec 2018
February 04, 2026
|Financial Express Mumbai
THE RUPEE BOUNCED back sharply on Tuesday following US President Donald Trump's announcement on Monday reducing reciprocal tariffs on Indian goods to 18%.
The domestic currency rose 1.36% to 90.27 against the dollar. This is the best single-day gain since December 2018.
"We have long argued the trade deal would be a gamechanger. The rupee at 92 was more than what your fundamentals warranted and it was purely sentiment-led overshooting," said Kanika Pasricha, chief economic adviser, Union Bank of India.
She added that the trade deal has now put a lid on that overshoot, and the rupee has returned to the 90 level."Overall, this is great news for the currency market," she said.
هذه القصة من طبعة February 04, 2026 من Financial Express Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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