TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All News
of of All News
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Indian Rupee Drops 3.3% Against USD Amid US Election Uncertainty and Foreign Investment Outflows</h1> The Indian rupee depreciated by 3.3% against the US dollar from October 2024 to January 2025, a smaller decline compared to other Asian currencies like the South Korean Won and Indonesian Rupiah, which fell by 8.1% and 6.9%, respectively. The depreciation was influenced by US election uncertainties, a narrowing interest rate differential between the US and India, and foreign portfolio investment outflows of approximately USD 20 billion. Additionally, a trade deficit of USD 31.8 billion in November 2024 added pressure. The government is monitoring inoperative bank accounts and addressing the tax to GDP ratio, which has been rising post-COVID-19.
TaxTMI 
TaxTMI 
