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The rupee appreciated 119 paise to 90.30 against the U.S. dollar successful aboriginal commercialized connected Tuesday (February 3, 2026), aft U.S. tariffs connected India were chopped from 50% to 18%.
Forex traders said the 18% tariff changes the story, improving India’s comparative presumption and reopening the doorway for FII participation.
At the interbank overseas speech market, the rupee opened astatine 90.30 against the U.S. dollar, registering a summation of 119 paise implicit its erstwhile adjacent of 91.49.
"The bully quality overnight was the U.S.-India commercialized woody which was announced aft a hold of astir 9 months by President Donald Trump and endorsed by PM Narendra Modi successful which the commercialized tariffs were reduced to 18%, a tad little than what it is for Bangladesh and Pakistan our neighbours giving our exporters a comparative advantage," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
Mr. Bhansali further noted that FIIs whitethorn yet bargain Indian equities aft being sellers for specified a agelong time.
"We request to hold and spot the RBI stance contiguous and successful the coming days arsenic it needs to bargain the abbreviated dollar position," helium added.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.20 per cent little astatine 97.43.
India-U.S. commercialized woody LIVE
Brent crude, the planetary lipid benchmark, was trading little by 0.41% astatine $66.03 per tube successful futures trade.
On the home equity marketplace front, the 30-share benchmark scale Sensex was trading 2138.08 points oregon 2.62% higher astatine 83,804.54, portion the Nifty was up 607 points oregon 2.42% astatine 25,695.40.
Foreign Institutional Investors offloaded equities worthy ₹1,832.46 crore connected Monday (February 2, 2026), according to speech data.
