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Commodity Mid Session News

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(04 Feb 2026, 15:03)

Currency Buzz: INR softens after approaching 90 mark against US dollar

Indian Rupee eased a bit today, giving up some of its recent gains. INR scaled up sharply after local financial markets cheered a long-awaited deal between India and the US to cut the highest US tariff rate imposed on any major economy. The Indian rupee recorded its biggest one-day gain in more than seven years on Tuesday, strengthening 1.36% against the dollar. The blue-chip Nifty 50 index rose 2.6 per cent on Tuesday too, nearing record highs in intraday moves. However, there is still a lack of clarity about the details of the trade deal and a sharp slide in US equities in overnight moves is weighing on the local stocks. INR currently quotes at 90.32, down 11 paise on the day. INR had hit three-week high near 90 level in last session.
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