https://www.taxtmi.com/news?id=34119 The rupee strengthened against the US dollar after the announced implementation date for reciprocal tariffs softened the dollar, with supportive domestic macro data and moderating wholesale inflation. Offsetting pressures included higher crude prices and sustained foreign institutional investor equity outflows. Analysts noted the potential for central bank intervention to stabilise the currency and identified upcoming US retail and industrial data as likely to influence dollar index driven volatility. en-us Fri, 14 Feb 2025 20:16:03 +0530 Fri, 14 Feb 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34119 The rupee strengthened against the US dollar after the announced implementation date for reciprocal tariffs softened the dollar, with supportive domestic macro data and moderating wholesale inflation. Offsetting pressures included higher crude prices and sustained foreign institutional investor equity outflows. Analysts noted the potential for central bank intervention to stabilise the currency and identified upcoming US retail and industrial data as likely to influence dollar index driven volatility. News - Fri, 14 Feb 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=34119