1. Market mood today Today, the forex market saw the Indian rupee make a mild yet meaningful advance against the U.S. dollar. According to reports, the rupee opened around ₹ 87.93 per USD , then strengthened to roughly ₹ 87.78 in intraday trade. Reuters +2 The Times of India +2 This isn’t a dramatic surge, but in the context of recent weeks it is significant: the rupee had been under consistent pressure, and this slight uptick signals a subtle shift in sentiment. The broader currency and risk-asset environment also reflected a bit more confidence — fewer panic moves, and more measured flows. The takeaway: markets are cautious, but today’s mood leans towards relief rather than immediate optimism. 2. Why did the rupee strengthen? Key drivers a) Intervention by the Reserve Bank of India (RBI) One of the main reasons underlying the rupee’s strength today is the central bank’s visible support. Reports indicate that the RBI intervened pre-market, selling U.S. dollars via state...