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<h1>Rupee Gains 9 Paise to 87.28/USD as US Dollar Retreats; Strong Economy, Liquidity Boost from RBI Swap</h1> The rupee appreciated by 9 paise to 87.28 against the US dollar in early trade, driven by a retreat in the American currency index and positive domestic equity market trends following strong macroeconomic data. The Indian economy grew by 6.2% in the October-December quarter, halting foreign capital withdrawal. Despite this, US tariffs and rising crude oil prices limited further gains. The Reserve Bank conducted a USD 10 billion dollar-rupee swap to inject liquidity. Forex reserves increased by USD 4.758 billion, while GST collections rose by 9.1% in February. However, the fiscal deficit reached 74.5% of the annual target by January 2025.