Mumbai/IBNS, Jan. 7 -- The Indian rupee strengthened by 26 paise to trade at 89.92 against the US dollar on Wednesday, extending the gains recorded in the previous session, media reports said.

The initial recovery was witnessed on Monday, when the rupee snapped a four-day losing streak.

The rupee continued to firm up despite US President Donald Trump's recent threat to raise tariffs on Indian goods.

A few days ago, Trump had praised Prime Minister Narendra Modi while hinting that the Indian leader was aware of Washington's dissatisfaction over trade issues.

Published by HT Digital Content Services with permission from India Blooms....