Mumbai, Feb. 6 -- The rupee's movement will hinge on the fine print of the proposed India-US trade deal, Reserve Bank of India governor Sanjay Malhotra said on Friday.

"The deal has so far been announced and we saw the strengthening of the rupee after that. The impact on the rupee will depend on the fine print," said Malhotra.

Following the announcement, the rupee posted a strong single-day gain of 124 paise to 90.27 per dollar on 3 February, according to data by Bloomberg. On Friday, the rupee was down 37 paise from its previous close at 90.73 per dollar.

As part of the deal, the US would lower its reciprocal tariff on Indian goods from 25% to 18%, while India would reduce its tariffs and non-tariff barriers against the US to zero, Tr...