The Indian rupee rose to around 90.2 per dollar, extending gains to its strongest level in over three weeks as the central bank signaled continued policy stability. The Reserve Bank of India kept its key repo rate unchanged at 5.25%, in line with expectations. The hold reflects confidence in a softer inflation outlook and reassures markets that accommodative conditions will persist. The currency also continues to receive support from residual optimism over the US-India trade deal, which reduces US tariffs on Indian imports from nearly 50% to 18%, while protecting agricultural and key export sectors. At the same time, one-off dollar sales and relatively light market positioning further lifted the rupee, despite external headwinds and a fragile risk environment. Analysts note that near-term movements will continue to hinge on global risk sentiment, capital flows, and clarity around trade deal implementation, as well as the Budget session.