India, Feb. 3 -- The Indian rupee surged 119 paise to 90.30 against the US dollar in early trade on Tuesday, supported by improved sentiment after the trade agreement between India and the United States led to a reduction in US tariffs on Indian goods to 18 per cent.
Forex traders noted that the lower tariff regime has strengthened India's relative competitiveness and revived prospects for renewed foreign institutional investor (FII) inflows. At the interbank foreign exchange market, the rupee opened at 90.30, marking a sharp gain of 119 paise from its previous close of 91.49.
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