https://www.taxtmi.com/news?id=30186 The domestic currency experienced a sharp one-day depreciation driven by a stronger US dollar, rising crude prices, and significant foreign portfolio outflows. Analysts reported that the central bank was allowing exchange-rate weakness amid declining foreign exchange reserves and limited FX supply, while sanctions-related oil-price gains and higher US yields strengthened the dollar. Commentators warned that elevated crude import costs, continued FII selling, and geopolitical developments would maintain pressure on the currency and domestic markets. en-us Mon, 13 Jan 2025 20:31:03 +0530 Mon, 13 Jan 2025 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30186 The domestic currency experienced a sharp one-day depreciation driven by a stronger US dollar, rising crude prices, and significant foreign portfolio outflows. Analysts reported that the central bank was allowing exchange-rate weakness amid declining foreign exchange reserves and limited FX supply, while sanctions-related oil-price gains and higher US yields strengthened the dollar. Commentators warned that elevated crude import costs, continued FII selling, and geopolitical developments would maintain pressure on the currency and domestic markets. News - Mon, 13 Jan 2025 20:31:03 +0530 https://www.taxtmi.com/news?id=30186