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Rupee Jumps 1.2% to 90.4 per Dollar as US Cuts Tariffs on Indian Goods

  • The Rupee appreciated by 1.2% to 90.40 per dollar due to a reduction in US tariffs on Indian goods to 18%.
  • India's Nifty 50 index rose nearly 5%, moving close to its January record high.
  • 10-Year government bond yields fell by 5 basis points to 6.72% amid market optimism.
  • Prime Minister Narendra Modi described the trade deal as a win-win for both countries.
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Times of India broke the news in India on Tuesday, February 3, 2026.
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