The Indian rupee strengthened 46 paise, or 0.44%, to 94.45 against the US dollar on Wednesday, October 21, supported by optimism over a potential India-US trade agreement after US President Donald Trump indicated that a deal could be announced soon.
Ongoing US diplomatic engagement with India has further improved market sentiment while measures taken by the Reserve Bank of India (RBI) to regulate dollar purchases, including dedicated banking arrangements for oil marketing companies, have continued to support the domestic currency.
