https://www.taxtmi.com/news?id=29245 The national currency depreciated against the US dollar due to persistent foreign portfolio outflows, a stronger dollar and higher global yields, with additional pressure from elevated crude oil prices, slowing domestic growth and a widening trade deficit. Market liquidity was thin around the holiday, analysts expected continued negative bias for near term trading, and noted that central bank intervention could support the currency at lower levels. en-us Tue, 31 Dec 2024 16:31:02 +0530 Tue, 31 Dec 2024 16:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=29245 The national currency depreciated against the US dollar due to persistent foreign portfolio outflows, a stronger dollar and higher global yields, with additional pressure from elevated crude oil prices, slowing domestic growth and a widening trade deficit. Market liquidity was thin around the holiday, analysts expected continued negative bias for near term trading, and noted that central bank intervention could support the currency at lower levels. News - Tue, 31 Dec 2024 16:31:02 +0530 https://www.taxtmi.com/news?id=29245