https://www.taxtmi.com/news?id=30844 Rupee appreciated modestly against the US dollar as declines in crude oil prices and a weaker US dollar index supported investor sentiment, with positive domestic equity performance also contributing. Analysts warned that underlying US dollar strength and importer demand could constrain sustained gains, while further crude price declines or extended equity advances might bolster the currency. Market commentary highlighted a narrow volatile trading band and noted concurrent movements in the dollar index, Brent crude futures, major equity benchmarks, foreign institutional selling, and a sequential drop in forex reserves. en-us Mon, 20 Jan 2025 20:31:04 +0530 Mon, 20 Jan 2025 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30844 Rupee appreciated modestly against the US dollar as declines in crude oil prices and a weaker US dollar index supported investor sentiment, with positive domestic equity performance also contributing. Analysts warned that underlying US dollar strength and importer demand could constrain sustained gains, while further crude price declines or extended equity advances might bolster the currency. Market commentary highlighted a narrow volatile trading band and noted concurrent movements in the dollar index, Brent crude futures, major equity benchmarks, foreign institutional selling, and a sequential drop in forex reserves. News - Mon, 20 Jan 2025 20:31:04 +0530 https://www.taxtmi.com/news?id=30844