https://www.taxtmi.com/news?id=33552 Heightened trade tensions and reciprocal tariffs have driven currency volatility and capital outflows, strengthening the US dollar and pressuring the domestic currency. The central bank conducted foreign exchange intervention, selling reserves to supply dollars and stabilise the exchange rate as a reserve management measure to curb volatility and restore market confidence, while market participants cited technical levels as indicators for trend direction. en-us Tue, 11 Feb 2025 10:01:03 +0530 Tue, 11 Feb 2025 10:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33552 Heightened trade tensions and reciprocal tariffs have driven currency volatility and capital outflows, strengthening the US dollar and pressuring the domestic currency. The central bank conducted foreign exchange intervention, selling reserves to supply dollars and stabilise the exchange rate as a reserve management measure to curb volatility and restore market confidence, while market participants cited technical levels as indicators for trend direction. News - Tue, 11 Feb 2025 10:01:03 +0530 https://www.taxtmi.com/news?id=33552