<h1>Suspected central bank intervention plus India-US trade talks and regulatory risk help domestic currency modestly appreciate against US dollar</h1> The central bank's suspected market intervention supported a modest appreciation of the domestic currency against the US dollar, with traders citing potential regulatory action and ongoing bilateral trade negotiations between India and the US as key drivers. Market reaction was tempered by renewed US-China tariff tensions, safe-haven demand for the dollar, falling foreign exchange reserves, and net foreign institutional selling. Observers noted that forthcoming domestic inflation data and prospective US monetary easing could influence currency movements, while continued official trade talks and any formal policy measures by the central bank or finance authorities may materially affect exchange-rate and capital-flow dynamics.