<h1>Rupee gains 19 paise to 87.20 on reform optimism, equity rally, suspected central bank support and FII inflows</h1> The rupee appreciated 19 paise to 87.20 against the US dollar in early trade, supported by optimism over announced domestic reforms, a rally in equities, suspected central bank intervention and a modest return of foreign institutional investors. Market participants cited upcoming domestic tax reform proposals and a state-ministerial meeting on sweeping GST changes as positive factors, while noting elevated external risks from imminent US tariff actions and geopolitical tensions. Brent crude eased and the dollar index was marginally firmer; domestic benchmarks rose and FPIs bought equities worth roughly Rs 550.85 crore, with near-term moves likely tied to US trade policy and global developments.