https://www.taxtmi.com/news?id=30270 The rupee recovered from a record low to close higher against the US dollar as the dollar weakened and domestic equity gains provided support, while elevated crude oil prices and ongoing foreign fund outflows continued to exert downward pressure. Analysts noted that near-term direction would depend on incoming US price data and domestic factors such as budget expectations and easing retail inflation, which may create limited policy space for the central bank. Market commentators supplied trading-range projections reflecting technical and macroeconomic cues. en-us Tue, 14 Jan 2025 20:46:03 +0530 Tue, 14 Jan 2025 20:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30270 The rupee recovered from a record low to close higher against the US dollar as the dollar weakened and domestic equity gains provided support, while elevated crude oil prices and ongoing foreign fund outflows continued to exert downward pressure. Analysts noted that near-term direction would depend on incoming US price data and domestic factors such as budget expectations and easing retail inflation, which may create limited policy space for the central bank. Market commentators supplied trading-range projections reflecting technical and macroeconomic cues. News - Tue, 14 Jan 2025 20:46:03 +0530 https://www.taxtmi.com/news?id=30270