The Indian rupee strengthened by 74 paise to reach 84.62 against the US dollar in early trade on Tuesday, buoyed by positive sentiment from easing geopolitical tensions between India and Pakistan, along with encouraging developments on the US-China trade front.
According to forex traders, sustained foreign investor interest in Indian assets also provided solid support to the domestic currency.
The rally follows Saturday’s joint announcement by India and Pakistan, confirming an agreement to cease all military actions—whether on land, air, or sea—with immediate effect.