<h1>Rupee Gains 38 Paise on Trade Deal Hopes, Boosted by Foreign Investments and Positive US Signals</h1> The Indian rupee strengthened by 38 paise to close at 84.58 against the US dollar, driven by positive trade deal expectations and foreign fund inflows. Optimistic statements from the US president about bilateral trade negotiations boosted investor sentiment. However, geopolitical tensions and muted domestic equity markets partially tempered the gains. Foreign institutional investors purchased equities worth significant amounts, contributing to market dynamics.