<ul><li>Rupee strengthens by 12 paise to 85.43 against US dollar in early trade, amidst volatile equity market and global trade uncertainties.</li><li>Market participants are closely watching key macroeconomic announcements, including RBI's MPC deliberations and PMI data for manufacturing and services sectors.</li><li>The Indian economy recorded a 7.4% GDP growth rate in the last quarter of FY25, meeting fiscal deficit target of 4.8% of GDP for the year.</li><li>India's gross GST collection remains above ₹2 lakh crore mark for the second consecutive month, while forex reserves increase to $692.721 billion as per RBI data released on May 23.</li></ul>

Rupee rises 12 paise to 85.43 against US dollar in early trade

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