https://www.taxtmi.com/news?id=33300 The central bank cut the repo rate by twenty-five basis points as a calibrated step to support price stability and growth, while confirming that exchange rate policy does not target any specific rupee level. The rupee recovered to settle after an intra day low, aided by modest market reactions, higher forex reserves and mixed cross market signals. Near term stability will depend on foreign institutional flows, importers' dollar demand and global risk sentiment, including trade tensions. en-us Fri, 07 Feb 2025 20:16:03 +0530 Fri, 07 Feb 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33300 The central bank cut the repo rate by twenty-five basis points as a calibrated step to support price stability and growth, while confirming that exchange rate policy does not target any specific rupee level. The rupee recovered to settle after an intra day low, aided by modest market reactions, higher forex reserves and mixed cross market signals. Near term stability will depend on foreign institutional flows, importers' dollar demand and global risk sentiment, including trade tensions. News - Fri, 07 Feb 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=33300