The Indian Rupee (INR) gained strength against the US Dollar (USD) on Monday, following a break in trading due to the Independence Day holiday. As USD/INR dipped near 86.50, the Rupee’s bullish momentum came in response to Prime Minister Modi’s announcement of upcoming Goods and Services Tax reforms aimed at boosting domestic consumption. This commitment could have substantial implications for the Indian economy and currency valuations, making it a focal point for Forex traders.