<h1>Trade policy uncertainty and GST reform signals keep currency markets cautious, driving rupee movement amid monetary cues.</h1> Exchange rate movement reflected regulatory and market drivers: trade tariff uncertainty with the United States kept participants cautious; anticipated Federal Reserve comments were expected to shape interest rate expectations and exchange rate dynamics; domestic GST reform signals supported the rupee amid equity gains; and easing crude oil supply concerns reduced import cost pressure, collectively contributing to early appreciation.