<h1>Indian Rupee Gains 13 Paise to 86.98 Against US Dollar; Manufacturing PMI Rises to 57.7 in January</h1> The Indian rupee recovered 13 paise to 86.98 against the US dollar following President Trump's decision to pause tariffs on Mexico and Canada for 30 days. This decision led to a retreat in the US dollar index from 109.88 to 108.74. Despite recent declines, Finance Minister Nirmala Sitharaman emphasized that the rupee's value is market-determined, not devalued. The Reserve Bank of India is managing currency volatility. Meanwhile, India's manufacturing sector showed strong growth, with the PMI rising to 57.7 in January, driven by a significant increase in export orders. The domestic equity market also saw gains.