To support the weakening rupee, the Reserve Bank of India reportedly sold $3–5 billion across spot and forward markets on October 16. The move is the largest known forex intervention in months, and lifted the rupee by over 1% intraday to ~87.70 per dollar. Though RBI declined to confirm, market evidence points to a deliberate stabilizing strategy amid forex pressures from tariffs, capital outflows, and import demand.

Global venture funding for Q3 2025 rose 38% year over year to $97 billion, up from $92 billion in Q2. Nearly 46% of that — ~ $44.6B — flowed into AI firms, with foundation model startups claiming the lion’s share. The top raises included $13B to Anthropic, $5.3B to xAI, and $2B to Mistral AI. The boom signals continued investor appetite in AI infrastructure, models, and applications across sectors.