The Indian rupee gained 49 paise to 89.17 against the US dollar on Monday, aided by equity market gains, RBI intervention, and falling crude prices. Analysts warn of potential weakness ahead of an expected India-US trade deal by December-end.
President Donald Trump said India and the US are still negotiating a trade deal despite his tariff threats, citing high tariffs and BRICS issues, with a final decision expected this week.
