<h1>Domestic currency trades in narrow band; modest foreign inflows and equities pressure suggest short-term range-bound risk</h1> The domestic currency traded in a narrow band, settling slightly stronger against the US dollar after modest foreign fund inflows, while equities and risk-off sentiment exerted downward pressure. Market indicators showed small intraday fluctuations, a firmer dollar index and rising crude futures; foreign institutional net purchases provided limited support. Authorities signalled ongoing bilateral trade negotiations with a prospective November timeline, though a foreign government shutdown could delay physical talks. The report suggests continued short-term range-bound currency risk with potential upside from IPO inflows and progress in trade talks, relevant for currency exposure and cross-border contractual timing.