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Indian rupee strengthens against dollar on Thursday
Feb-05-2026

Indian rupee strengthened against the U.S. dollar on Thursday as investors remained optimistic about India-US trade deal. The Commerce and Industry Minister Piyush Goyal has said that India and the US are likely to sign the first tranche of the much-awaited bilateral trade agreement by mid-March, that would lead to Washington lowering import duties on Indian imports. India will also begin reducing import duties on certain goods imported from the US after signing of the pact. On the global front, commodity currencies such as Australia, the New Zealand and the Canadian dollars have weakened against their major currencies in the Asian session on Thursday amid increasing risk-off sentiment, reflecting the continued weakness in technology stocks.

Finally, the rupee ended at 90.34 (Provisional), strengthened by 13 paise from its previous close of 90.47 on Wednesday. The currency touched a high and low of 90.53 and 90.06 respectively.

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