https://www.taxtmi.com/news?id=17765 The rupee's appreciation since February 2017 is attributed to significant capital inflows-both foreign portfolio and foreign direct investment-supported by positive growth prospects and sound macroeconomic fundamentals. The rupee is market-determined, while the Reserve Bank of India intervenes in the foreign exchange market to manage excessive volatility and maintain orderly conditions without a fixed target or band; the Government and RBI continue to monitor developments and will act as needed. en-us Sat, 01 Apr 2017 11:58:51 +0530 Sat, 01 Apr 2017 11:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17765 The rupee's appreciation since February 2017 is attributed to significant capital inflows-both foreign portfolio and foreign direct investment-supported by positive growth prospects and sound macroeconomic fundamentals. The rupee is market-determined, while the Reserve Bank of India intervenes in the foreign exchange market to manage excessive volatility and maintain orderly conditions without a fixed target or band; the Government and RBI continue to monitor developments and will act as needed. News - Sat, 01 Apr 2017 11:58:51 +0530 https://www.taxtmi.com/news?id=17765