<h1>Domestic currency gains versus US dollar change cross-border contract risks, hedging, and import/export pricing amid policy and trade signals</h1> The domestic currency appreciated materially against the US dollar amid equity gains, expectations of a US monetary policy rate cut, and positive signals in bilateral trade talks between US and Indian negotiators, affecting foreign exchange risk and market sentiment. Market commentary flagged technical support/resistance levels and potential for further appreciation if dovish commentary emerges. Movements may affect cross-border contracts, import/export pricing, hedging strategies, and valuation of foreign investments; significant FII net selling highlights capital flow volatility. Continued regulatory and central bank monitoring, plus developments in trade negotiations and US policy, will be legally relevant for contracts and compliance.