Rupee Rises Below 84/USD for First Time in 7 Months on Trade Deal Hopes, Capital Inflows

The Indian rupee appreciated sharply on May 2, breaching the 84 mark for the first time since October 2024 amid optimism over India-US trade talks and steady capital inflows. It opened 40 paise higher and touched 83.90/USD, supported by positive global sentiment and speculation around tariff concessions.