<h1>Currency edges up on strong local stocks and draft two-slab GST proposal amid tariff uncertainty and Fed watch</h1> The national currency strengthened modestly against the US dollar, aided by robust domestic equities and market reaction to a government-circulated draft of next-generation GST reforms proposing a two-slab tax structure (5% and 18%) plus a special top bracket for demerit goods, which would replace current multiple slabs pending GST Council approval. Traders noted uncertainty from potential bilateral trade tariffs could constrain sentiment, while participants will watch comments from the Federal Reserve chair for monetary policy direction. Credit-rating agency upgrade and crude price movements were cited as additional macro factors; foreign institutional investors recorded notable equity outflows, underscoring continued external and regulatory risk to markets.