https://www.taxtmi.com/news?id=33755 The rupee weakened against the US dollar, closing lower after an intra-day reversal driven by a firm US dollar and sustained foreign institutional investor outflows. Early gains from Reserve Bank intervention were eroded amid volatile domestic equities and awaiting inflation and industrial output data. Analysts warned of a continued negative bias for the currency while market cues such as US and Indian inflation prints, the dollar index, and crude oil prices remain pivotal to near-term trading ranges. en-us Wed, 12 Feb 2025 16:01:05 +0530 Wed, 12 Feb 2025 16:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33755 The rupee weakened against the US dollar, closing lower after an intra-day reversal driven by a firm US dollar and sustained foreign institutional investor outflows. Early gains from Reserve Bank intervention were eroded amid volatile domestic equities and awaiting inflation and industrial output data. Analysts warned of a continued negative bias for the currency while market cues such as US and Indian inflation prints, the dollar index, and crude oil prices remain pivotal to near-term trading ranges. News - Wed, 12 Feb 2025 16:01:05 +0530 https://www.taxtmi.com/news?id=33755