https://www.taxtmi.com/news?id=69838 The India-US trade deal lowering reciprocal tariffs to 18 percent triggered a 1.33% appreciation of the rupee to 90.27 per dollar, driven by expected foreign inflows, weaker crude prices, and improved market sentiment. Analysts estimate the tariff cut could narrow the current account deficit by about 0.25 percentage points of GDP in CY26, supporting the INR, but caution that RBI foreign exchange interventions and trade frictions (such as redirecting Russian oil purchases) could complicate the currency's adjustment and forecasts. en-us Tue, 03 Feb 2026 16:31:05 +0530 Tue, 03 Feb 2026 16:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69838 The India-US trade deal lowering reciprocal tariffs to 18 percent triggered a 1.33% appreciation of the rupee to 90.27 per dollar, driven by expected foreign inflows, weaker crude prices, and improved market sentiment. Analysts estimate the tariff cut could narrow the current account deficit by about 0.25 percentage points of GDP in CY26, supporting the INR, but caution that RBI foreign exchange interventions and trade frictions (such as redirecting Russian oil purchases) could complicate the currency's adjustment and forecasts. News - Tue, 03 Feb 2026 16:31:05 +0530 https://www.taxtmi.com/news?id=69838