The Indian rupee rose to a two-month high on September 3 after the Reserve Bank of India disclosed that its temporary foreign-exchange mobilization program attracted $136.38 billion, or approximately ¥21.5 trillion, in inflows. The rupee opened at 94.30 per dollar, up 67 paise from 94.97, and has gained more than 1% this week, outperforming other Asian currencies. Non-resident deposits accounted for about $127 billion, while external commercial borrowings contributed $3.89 billion and overseas foreign-currency borrowings added $5.26 billion. Market participants say the inflows strengthen the RBI’s foreign-exchange reserves and its ability to counter external shocks, although sustained appreciation could pressure export-dependent industries such as information technology services and pharmaceuticals.