https://www.taxtmi.com/news?id=29382 The national currency depreciated to record intra-day lows due to robust importer demand for dollars and persistent foreign portfolio outflows, with a strong US dollar and low seasonal global volumes exacerbating the pressure. Analysts cautioned that continued external demand and FII outflows may sustain the negative bias, while targeted central bank intervention and domestic liquidity management could support the currency. Market commentary highlighted concurrent equity strength, softer manufacturing expansion, and the importance of monitoring liquidity and near-term forex premiums. en-us Thu, 02 Jan 2025 21:01:03 +0530 Thu, 02 Jan 2025 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=29382 The national currency depreciated to record intra-day lows due to robust importer demand for dollars and persistent foreign portfolio outflows, with a strong US dollar and low seasonal global volumes exacerbating the pressure. Analysts cautioned that continued external demand and FII outflows may sustain the negative bias, while targeted central bank intervention and domestic liquidity management could support the currency. Market commentary highlighted concurrent equity strength, softer manufacturing expansion, and the importance of monitoring liquidity and near-term forex premiums. News - Thu, 02 Jan 2025 21:01:03 +0530 https://www.taxtmi.com/news?id=29382