<h1>Rupee gains 7 paise to 88.28 on dollar weakness; tariffs, FII outflows and US talks could sway markets</h1> Rupee appreciation of 7 paise to 88.28 against the dollar is linked to dollar weakness and market sentiment, while tariff-driven export pressures and sustained foreign institutional outflows are noted as legal-economic risks. Ongoing bilateral trade negotiations between India and the US are reported as progressing positively, potentially affecting tariff schedules and market access; statements from the commerce minister indicate mutual satisfaction with talks. Regulatory and policy uncertainty over tariffs, FII movements, and anticipated US monetary easing are identified as key factors likely to influence exchange-rate volatility and cross-border trade and investment flows.