The Indian rupee strengthened marginally in early Thursday trade, rising 7 paise to 90.40 against the US dollar, moving within a narrow range amid persistent corporate dollar demand.
Forex traders noted that sentiment remains cautious as investors await formal confirmation of the proposed India–US trade deal. With no official documentation or final terms released by either side, market participants have shifted from optimism to verification mode.
Additionally, focus now turns to the upcoming policy outcome from the Reserve Bank of India, with investors closely watching Friday’s interest rate announcement for further directional cues.