Rupee rebounds 20 paise to 94.20 on hopes of India-US trade deal

The Indian Rupee strengthened significantly against the US dollar on Friday, recovering from an all-time closing low. Optimism surrounding an India-US trade agreement, coupled with improved foreign inflows and softer crude oil prices, fueled the currency’s rise. Discussions between Prime Minister Modi and President Trump highlighted progress on a trade pact, with further negotiations planned.