The Indian rupee edged up to around 88.6 per USD, bouncing back from its all-time low of 88.9 per USD on October 9, buoyed by likely RBI intervention and steady foreign inflows. The RBI is said to have resumed non-deliverable forwards interventions in August, stepping up activity further from September. The currency also found support on reports that senior Indian officials will visit the US this week for trade talks, with negotiations on the bilateral agreement reportedly progressing well. Traders also monitored easing geopolitical tensions. On the data front, September’s inflation eased to 1.54%, below market estimates of 1.7% and the RBI’s 2–6% target, fueling expectations of rate cuts. This follows the central bank’s dovish remarks on potential future rate cuts during its September meeting. The Reserve Bank of India kept rates on hold and maintained a neutral policy stance, noting that muted inflation provides flexibility to support the economy.