India, Feb. 5 -- The Indian rupee appreciated 14 paise to close at 90.33 (provisional) against the US dollar on Thursday, supported by optimism surrounding a potential India–US trade deal and softer global commodity prices.
However, gains remained limited amid sustained corporate dollar demand and a weak trend in domestic equities, which capped the upside for the local currency.
Forex traders noted that despite positive sentiment, caution prevails as investors await greater clarity on the proposed trade agreement. With no official documents released and neither side formally publishing the final terms, market participants have shifted focus from optimism to verification mode.
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