Overview

• India and Pakistan agreed to a full ceasefire on May 10, mediated by the United States, ending weeks of escalating tensions.
• The Indian rupee recovered by 73 paise to open at 84.65 against the US dollar, reversing losses from earlier geopolitical volatility.
• US-China tariff reductions, including cuts from 145% to 30% by the US and 125% to 10% by China, improved global market sentiment.
• Foreign institutional investors purchased shares worth Rs 1,246.48 crore, contributing to the rupee's recovery.
• Experts predict the USD-INR pair to trade within a range of 84.50 to 85.10 as markets stabilize following recent developments.