The Indian rupee has outperformed many regional peers this month, strengthened by active intervention from the Reserve Bank of India (RBI). It traded near ₹87.99 per U.S. dollar today, rising almost 1 % in October so far. Importers are accelerating dollar purchases while RBI sells dollars to defend the currency around the ₹88 mark. The stronger rupee and improved currency sentiment complement equity market strength, though analysts warn that rising global dollar strength and sustained flows remain key variables for further gains.