https://www.taxtmi.com/news?id=34346 The rupee weakened against the US dollar due to significant foreign institutional outflows and renewed US dollar strength, driven by foreign banks' dollar buying and importers securing dollars amid depreciation fears. Domestic equity weakness and FII selling reinforced negative bias, while lower crude prices and falling US Treasury yields partly cushioned losses. Market participants were advised to watch FOMC speeches for cues; further declines in US yields or central bank intervention could support the currency. Official data also recorded a marked rise in foreign exchange reserves during the period. en-us Mon, 17 Feb 2025 20:16:02 +0530 Mon, 17 Feb 2025 20:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34346 The rupee weakened against the US dollar due to significant foreign institutional outflows and renewed US dollar strength, driven by foreign banks' dollar buying and importers securing dollars amid depreciation fears. Domestic equity weakness and FII selling reinforced negative bias, while lower crude prices and falling US Treasury yields partly cushioned losses. Market participants were advised to watch FOMC speeches for cues; further declines in US yields or central bank intervention could support the currency. Official data also recorded a marked rise in foreign exchange reserves during the period. News - Mon, 17 Feb 2025 20:16:02 +0530 https://www.taxtmi.com/news?id=34346