Rupee logs best day in 7 years due to India-US trade deal; further gains depend on RBI intervention

The Indian rupee saw a significant jump on Tuesday, gaining 125 paise against the US dollar. This surge followed the announcement of a US-India trade deal, boosting currency sentiment. The rupee closed at 90.26/$1, marking its strongest performance in seven years. The Reserve Bank of India was observed buying dollars, influencing the rupee's movement.