<h1>Rupee Strengthens on Trade Negotiation Optimism and Expected Central Bank Intervention; Tariff Relief Possible After November 30</h1> The rupee appreciated against the dollar, aided by market optimism over ongoing bilateral trade negotiations and likely monetary authority intervention to curb volatility. Traders cited central bank action as a stabilising factor after a recent sharp depreciation. Government economic advisors signalled that a punitive foreign tariff currently imposed on certain imports may be lifted after November 30, contingent on negotiation outcomes, which market participants expect within weeks. The report notes concurrent movements in the dollar index, oil prices, domestic equity declines, and net foreign institutional equity purchases, reflecting interconnected policy, trade and market dynamics.