https://www.taxtmi.com/news?id=34471 Rupee depreciation against the US dollar was driven by a stronger dollar index, higher crude prices, and disappointing trade data: consecutive export declines and a widened trade deficit due to rising imports, including gold. Market participants noted a negative bias for USD/INR as apparent central bank support tapers, while Reserve Bank intervention remains the key stabilising mechanism that could limit further depreciation and influence short-term trading ranges. en-us Tue, 18 Feb 2025 21:01:03 +0530 Tue, 18 Feb 2025 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34471 Rupee depreciation against the US dollar was driven by a stronger dollar index, higher crude prices, and disappointing trade data: consecutive export declines and a widened trade deficit due to rising imports, including gold. Market participants noted a negative bias for USD/INR as apparent central bank support tapers, while Reserve Bank intervention remains the key stabilising mechanism that could limit further depreciation and influence short-term trading ranges. News - Tue, 18 Feb 2025 21:01:03 +0530 https://www.taxtmi.com/news?id=34471