The Indian rupee appreciated by 17 paise to trade at 91.41 against the U.S. dollar in early trading on Friday, January 23, 2026, supported by improved global investor sentiment. Forex traders said the gains came after U.S. President Donald Trump softened his stance on tariff threats against Europe related to Greenland, which helped ease immediate geopolitical and trade-related concerns.
The shift in rhetoric reduced near-term uncertainty in global markets and encouraged investors to take on more risk. As a result, the U.S. dollar saw some correction from higher levels, providing relief to emerging market currencies, including the rupee.
Market participants noted that a better risk appetite and easing global tensions helped the domestic currency recover modestly in the early session. However, traders remain cautious amid ongoing global economic developments and are closely watching further cues from international markets.
Rupee Strengthens in Early Trade as Global Risk Sentiment Improves
