Indian rupee gains 7 paise against US dollar
Business
The rupee gained a bit of ground on Thursday, trading at 90.40 against the US dollar—up by 7 paise.
This small boost came as companies bought more dollars and everyone kept an eye on possible news about an India-US trade deal.
Interest rate decision on February 6
All eyes are now on the Reserve Bank of India's interest rate decision coming up on February 6, with most expecting no change.
Meanwhile, global cues were mixed: the dollar got a little stronger, oil prices dropped 2%, and Indian stock markets slipped—Sensex fell by nearly 279 points and Nifty by 94—showing how closely everything's tied to economic signals right now.