In beginning trade, the rupee easily regains the 87 level against the US dollar.

The rupee has rebounded by about 21 paise to regain the 87 mark against the US dollar after remained unstable during the previous trading session. As opposed to the previous finish of 87.48 against the US dollar, the rupee opened at 87.35 and then recovered to 87.0750 against the US dollar. Due to US President Donald Trump's fresh tariff intentions, the local currency fell to a new record low of 87.9563 versus the US dollar on February 10. The Reserve Bank of India's (RBI) significant action has contributed to the local currency's devaluation. It will be crucial to follow Prime Minister Narendra Modi's trip to the US once the US imposes trade tariffs. On February 12 and 13, PM Modi will spend two days in the United States. According to the prime minister, his trip to the US will be a chance to build on the achievements of his partnership with Trump during his first term and create a plan to strengthen and expand bilateral ties in sectors such as supply chain resilience, commerce, technology, energy, and defense. According to MUFG's February 11 report, India has made an effort to proactively reduce some duties and accept undocumented immigrants thus far in an effort to maintain its core interests in legal migration channels (such as H1-B visas) and to gain access to a manufacturing hub from the US trade war with China. In early trade, the Indian rupee rebounded by about 21 paise to regain the 87 mark against the US dollar, recovering from an unstable session where it had previously closed at 87.48. This recovery follows a sharp decline to a record low of 87.9563 on February 10, triggered by fresh tariff threats from US President Donald Trump. Significant actions by the Reserve Bank of India have also contributed to the rupee’s devaluation amid mounting pressure. The scenario is set to remain dynamic as Prime Minister Narendra Modi is scheduled to visit the US on February 12 and 13, where his agenda includes strengthening bilateral ties in sectors such as supply chain resilience, commerce, technology, energy, and defense—a continuation of efforts from Trump's first term. Moreover, a MUFG report from February 11 highlights India's proactive measures, including reducing certain duties and adjusting its immigration policies (like the H1-B visa framework), to protect its core interests and benefit from the ongoing US trade war with China.