<h1>Domestic currency rebounds 73 paise to 88.08 per dollar amid apparent central bank intervention, market gains and softer dollar</h1> The domestic currency rebounded 73 paise to close at 88.08 per US dollar after apparent central bank intervention, equity market gains, a softer US dollar and lower crude prices; intraday high reached 87.93. Recent data show exports rose 6.74% and imports 16.6%, producing a USD 32.1 billion trade deficit. Legal implications include potential regulatory scrutiny of foreign exchange intervention and disclosure, monitoring of foreign portfolio inflows, compliance with market manipulation and insider trading rules, effects on dollar-denominated contracts and hedging obligations, and relevance for reserve management and monetary policy transparency.