https://www.taxtmi.com/news?id=32918 Rupee depreciation is mainly due to US dollar appreciation; policymakers should monitor bilateral comparisons, notably the rupee yuan rate, while the central bank intervenes to curb excess volatility rather than target a fixed exchange rate. Monetary and fiscal policy coordination must be calibrated in response to external shocks, avoiding simultaneous blanket tightening and restoring balance where policies were previously too tight. External trade developments and tariff measures heighten uncertainty, so exchange rate monitoring should include competitor currencies and inform central bank deliberations. en-us Wed, 05 Feb 2025 10:46:03 +0530 Wed, 05 Feb 2025 10:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32918 Rupee depreciation is mainly due to US dollar appreciation; policymakers should monitor bilateral comparisons, notably the rupee yuan rate, while the central bank intervenes to curb excess volatility rather than target a fixed exchange rate. Monetary and fiscal policy coordination must be calibrated in response to external shocks, avoiding simultaneous blanket tightening and restoring balance where policies were previously too tight. External trade developments and tariff measures heighten uncertainty, so exchange rate monitoring should include competitor currencies and inform central bank deliberations. News - Wed, 05 Feb 2025 10:46:03 +0530 https://www.taxtmi.com/news?id=32918