In the morning session in India, a rally was observed, with the Indian Rupee appreciating due to the US-India trade agreement.

MissedAirdropBro · 2026-02-12T21:13:56+00:00

On February 3, the announcement of a US-India trade agreement strengthened the Indian rupee against the dollar, signaling positive market sentiment. Trump’s decision to reduce tariffs on India from their previous level to 18% is seen as a significant turning point in bilateral trade relations, improving investor confidence and supporting India’s export industries.

MissedAirdropBro

2026-02-12 21:13:56

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On February 3rd, following the announcement of a bilateral trade agreement between the United States and India, the Indian Rupee showed a significant appreciation against the US dollar during the morning session in India time. This movement serves as an important signal indicating a positive trading outlook across the entire Asian market.

Trump Administration Announces Tariff Reduction Agreement

On Monday, President Donald Trump announced that the United States has agreed to reduce tariffs on India from previous levels to 18%. This decision marks a major turning point in the ongoing trade tensions between the US and India over the past few months. According to an analysis report released by Lloyd Chan of Mitsubishi UFJ Bank, this agreement brings notable improvements in the bilateral tariff dispute and indicates a significant recalibration of the economic relationship between the two countries.

What the Rupee’s Appreciation Indicates About Market Sentiment

At the start of trading in India time, the offshore Rupee clearly showed an upward trend against the dollar. This trend reflects the market’s perception that concerns faced by India’s export industry due to the US-India tariff agreement have been somewhat alleviated. According to market data from LSEG, the dollar declined by 1.0% against the Rupee, with the currency pair reaching a level of 90.32. This level was formed after hitting a daily low of 90.25 and is the lowest rate since January 15.

Investor Behavior Seen in Market Data During India Morning Hours

The Rupee’s appreciation during the morning session in India suggests that improved trade relations are directly influencing investor sentiment. The agreement likely enhances the prospects for India’s exports to the US under more favorable conditions, easing short-term risk aversion and increasing demand for the Rupee. Future market developments during India hours are expected to fluctuate further depending on the implementation of the agreement and economic indicators from both countries.

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