The Indian rupee strengthened on Friday due to fluctuating US tariff news and a weakening dollar. Positive sentiment was further boosted by dollar selling from foreign banks, despite a slight dip in Indian equities. Expectations of a US-India trade deal support a long-term rupee appreciation.

• US tariff uncertainty drove dollar weakness.
• Foreign bank dollar selling aided the rupee.
• Long-term forecast: INR to 83.50 by 2026.