<h1>Currency strengthens to 87.07 per USD amid GST reform and upgrade; US 50% tariffs, 25% oil levy threaten capital flows</h1> A currency-market update notes the domestic currency strengthened modestly to 87.07 per US dollar, influenced by improved global risk appetite, proposed GST reform, and a recent sovereign credit-rating upgrade, while domestic equities rose. Separately, trade tensions have legal and policy implications: the United States has announced tariffs totaling 50% on the other country, including a 25% levy on purchases of Russian oil effective August 27, and publicly accused that country of 'profiteering' by reselling Russian oil. These measures and allegations risk further regulatory scrutiny, potential retaliatory measures, and shifts in foreign capital flows.