https://www.taxtmi.com/news?id=29262 The rupee's depreciation reflects external and domestic pressures: a stronger US dollar and higher global yields, slowing domestic growth, widening trade deficit, rising crude prices, and sustained foreign portfolio outflows. These factors have produced record exchange-rate lows, increased external debt and altered equity inflows, heightening exchange-rate volatility and short-term funding risks. Market commentary expects a negative bias with a constrained spot trading range and notes that Reserve Bank intervention could provide episodic support to the currency. en-us Tue, 31 Dec 2024 20:16:03 +0530 Tue, 31 Dec 2024 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=29262 The rupee's depreciation reflects external and domestic pressures: a stronger US dollar and higher global yields, slowing domestic growth, widening trade deficit, rising crude prices, and sustained foreign portfolio outflows. These factors have produced record exchange-rate lows, increased external debt and altered equity inflows, heightening exchange-rate volatility and short-term funding risks. Market commentary expects a negative bias with a constrained spot trading range and notes that Reserve Bank intervention could provide episodic support to the currency. News - Tue, 31 Dec 2024 20:16:03 +0530 https://www.taxtmi.com/news?id=29262