India, Feb. 3 -- The Indian rupee ended Tuesday as the best-performing Asian currency, surging 122 paise or 1.33 per cent to settle at 90.27 (provisional) against the US dollar, following the trade agreement between India and the United States.
Forex traders noted that the rupee climbed to its highest level in nearly two-and-a-half weeks, rallying around 1.5 per cent in a single session amid improved trade prospects and renewed foreign investor interest.
Sentiment was further supported by a sharp 2.75 per cent surge in domestic equity indices, softer crude oil prices, and expectations of fresh foreign capital inflows, which collectively boosted the currency's strength.
Published by HT Digital Content Services with permission from Dion Gl...