Rupee falls 3 paise to 85.78 against US dollar in early trade https://www.taxtmi.com/news?id=29397 Rupee depreciation continued in early trade as broad US dollar strength and muted domestic equities pressured the currency; market participants cited sustained dollar demand and expectations of delayed US rate cuts. The central bank intervened by selling US dollars to prevent further weakening, while Brent crude and equity indices moved contemporaneously and net foreign institutional purchases were recorded. en-us Fri, 03 Jan 2025 10:16:02 +0530 Fri, 03 Jan 2025 10:16:02 +0530 TaxTMI RSS Generator Rupee falls 3 paise to 85.78 against US dollar in early trade https://www.taxtmi.com/news?id=29397 Rupee depreciation continued in early trade as broad US dollar strength and muted domestic equities pressured the currency; market participants cited sustained dollar demand and expectations of delayed US rate cuts. The central bank intervened by selling US dollars to prevent further weakening, while Brent crude and equity indices moved contemporaneously and net foreign institutional purchases were recorded. News - Fri, 03 Jan 2025 10:16:02 +0530 https://www.taxtmi.com/news?id=29397