Overview

• The rupee ended at 88.75 per dollar, up 2 paise after trading in a narrow 88.76–88.81 intraday band.
• Traders pointed to persistent RBI dollar sales and smoothing that have pushed short‑term rupee volatility to multi‑month lows.
• NSDL data showed foreign investors bought a net $187.5 million of equities on Oct. 7 while selling a net $62.9 million of bonds.
• Domestic equities weakened, with the Sensex down 153 points and the Nifty lower by 62 points, pressuring the currency.
• Commerce Minister Piyush Goyal said India–US trade talks target a November conclusion, though a U.S. government shutdown clouds the timing of further meetings.