Rupee soars 1.4% after US tariff cut; biggest gain in years

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Rupee soars 1.4% after US tariff cut; biggest gain in years

On Tuesday, the rupee jumped a whopping 1.38%, its biggest single-day gain in seven years! Thanks to the US slashing tariffs on Indian goods from 50% to 18%, traders are celebrating. The rupee is now at 90.27 per dollar, flipping from worst to best in Asia. Everyone's buzzing about what the Reserve Bank of India will do next!