It was a recovery to remember as the rupee reversed the largely losing sessions over a couple of months with a healthy 75-paise gain against the greenback to close at 88.06 (provisional). It remains the rupee’s highest intraday in almost four months. The intervention by the Reserve Bank of India (RBI) and a positive domestic market led to the rupee’s massive rally today. According to forex traders, the positive domestic market is attributable to renewed optimism over trade talks between the US and India, reflecting positivity in USD/INR. Opening at 88.74 against the USD at the interbank foreign exchange, the rupee touched a high of 87.93 before finishing at 88.06.