US and India trade deal announcement sparks expectations of sharp rupee rally
A new trade agreement announced by US President Donald Trump is expected to boost the Indian rupee and equities after a period of significant market pressure.
Reuters reported the Indian 
INrupee is set to rally sharply at the open on Tuesday, supported by expectations tied to a trade deal between the United States 
USand India. U.S.President Donald Trump donald trumpannounced the trade deal on social media following a call with Prime Minister Narendra Modi narendra modi. The report describes the deal as effectively dismantling a punitive tariff regime that had previously seen duties on Indiangoods exports climb as high as 50%.
INrupee is set to rally sharply at the open on Tuesday, supported by expectations tied to a trade deal between the United States USand India. U.S.President Donald Trump donald trumpannounced the trade deal on social media following a call with Prime Minister Narendra Modi narendra modi. The report describes the deal as effectively dismantling a punitive tariff regime that had previously seen duties on Indiangoods exports climb as high as 50%.
