The Indian rupee appreciated by 105 paise to 93.65 against the US dollar in early trading on Thursday, following actions by the Reserve Bank of India (RBI) to reduce speculative trading. These measures included tightening norms on non-deliverable forwards (NDFs) for banks and restricting companies from rebooking cancelled forward contracts, aiming to stabilize the currency amidst rising geopolitical tensions and high crude oil prices. Despite this rebound, concerns persist regarding India's current account, particularly due to elevated oil prices, which recently surged to around $106 per barrel. The RBI's efforts come in response to significant market pressures, including a breach of the 95-per-dollar mark earlier in the week due to escalating conflicts in the Middle East. As foreign portfolio investors sold shares worth ₹8,331 crore, domestic institutional investors countered with purchases of ₹7,172 crore, highlighting the mixed sentiment in the market.