Currency watch: Rupee gains 23 paise to close at 88.50 against dollar; upbeat mood on US-India trade talks lifts sentiment

The Indian rupee strengthened by 23 paise to 88.50 against the US dollar on Tuesday. This appreciation was driven by positive sentiment surrounding a potential US-India trade agreement and easing concerns over the US government shutdown. Analysts also cited improved global risk appetite and a weaker dollar as contributing factors.