India-US trade deal impact: Rupee goes rah-rah. Can it appreciate further?
Indian rupee bounces back 1.36% against dollar after US-India trade deal reduces reciprocal tariffs to 18%. This is the best single-day gain since December 2018. Chief economic advisor of Union Bank of India says the trade deal has put a lid on the rupee's overshoot, making it the best performer among Asian currencies.