<h1>Local currency rebounds 75 paise to 88.06 after central bank intervention, equity rally, softer dollar and lower crude</h1> The domestic currency rebounded 75 paise from an all-time low to close at 88.06 against the US dollar after apparent central bank intervention and a surge in local equity markets; factors cited include a softer US dollar, lower crude prices and optimism over bilateral trade talks. Market commentary projected a trading range and noted potential support from foreign inflows. The move coincided with a lower dollar index, modestly weaker Brent futures, a significant equity rally, continued net equity sales by foreign institutional investors and a widening trade deficit driven by higher imports, indicating persistent external sector pressures despite export growth.