<h1>Rupee gains 4 paise to 88.16 as trade talks, possible RBI intervention and looming tariff removal boost market optimism</h1> The rupee appreciated 4 paise to 88.16 against the US dollar, with market participants citing optimism over bilateral trade negotiations and likely Reserve Bank of India intervention to curb volatility. Officials signalled potential removal of a punitive 50% US tariff on certain Indian imports after November 30, with a resolution expected in 8-10 weeks, which supported sentiment. The dollar index and Brent crude moved modestly, while domestic equities fell and foreign institutional investors were net buyers. Trade talks between Indian and US authorities are described as progressing constructively.