India, April 30 -- The Indian rupee strengthened against the U.S. dollar in the European session on Wednesday, as investor mood was bolstered by trade-deal prospects and foreign fund inflows.
U.S. President Donald Trump said he believes the U.S. will have a deal with India on trade.
In order to achieve a "early mutual win" before completing the first phase of the proposed bilateral trade deal by the end of this year, India and the U.S. are looking at possibilities for an interim trade arrangement in goods.
In the meantime, the U.S. has urged both India and Pakistan "not to escalate" the war in light of growing tensions between the two nations.
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Prime Mi...