https://www.taxtmi.com/news?id=33340 The Governor said market forces set the rupee US dollar rate and the central bank is not concerned with day to day fluctuations, focusing on medium to long term value. He stated that currency depreciation has a measurable but limited impact on domestic inflation and that the RBI used the current exchange rate in preparing growth and inflation projections for the next financial year. Separately, the Finance Minister said the Union Cabinet cleared a new income tax proposal to be introduced in the lower house and sent to a parliamentary standing committee. en-us Sat, 08 Feb 2025 13:46:03 +0530 Sat, 08 Feb 2025 13:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33340 The Governor said market forces set the rupee US dollar rate and the central bank is not concerned with day to day fluctuations, focusing on medium to long term value. He stated that currency depreciation has a measurable but limited impact on domestic inflation and that the RBI used the current exchange rate in preparing growth and inflation projections for the next financial year. Separately, the Finance Minister said the Union Cabinet cleared a new income tax proposal to be introduced in the lower house and sent to a parliamentary standing committee. News - Sat, 08 Feb 2025 13:46:03 +0530 https://www.taxtmi.com/news?id=33340