https://www.taxtmi.com/news?id=33092 Rupee depreciation reached a record low as expectations of monetary policy easing, increased importer demand for dollars, weak domestic equities, and global trade related risk aversion pressured the currency. Softening services PMI and foreign institutional equity outflows compounded the negative bias ahead of the Reserve Bank of India's Monetary Policy Committee meeting, while market commentary flagged the possibility of central bank intervention and continued exchange rate volatility driven by external data and commodity price moves. en-us Thu, 06 Feb 2025 16:16:02 +0530 Thu, 06 Feb 2025 16:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33092 Rupee depreciation reached a record low as expectations of monetary policy easing, increased importer demand for dollars, weak domestic equities, and global trade related risk aversion pressured the currency. Softening services PMI and foreign institutional equity outflows compounded the negative bias ahead of the Reserve Bank of India's Monetary Policy Committee meeting, while market commentary flagged the possibility of central bank intervention and continued exchange rate volatility driven by external data and commodity price moves. News - Thu, 06 Feb 2025 16:16:02 +0530 https://www.taxtmi.com/news?id=33092