https://www.taxtmi.com/news?id=34730 The rupee appreciated against the US dollar due to dollar weakness, foreign bank dollar selling, and long-position unwinding, while FII outflows and soft domestic equities constrained gains. Analysts identified short-term technical support and resistance for USD/INR and noted that US data and FOMC guidance, along with crude oil and the US dollar index, would influence near-term direction. An RBI bulletin's high-frequency indicators pointed to stronger domestic momentum, but a strong dollar could increase capital outflows and external vulnerabilities. en-us Thu, 20 Feb 2025 20:31:04 +0530 Thu, 20 Feb 2025 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34730 The rupee appreciated against the US dollar due to dollar weakness, foreign bank dollar selling, and long-position unwinding, while FII outflows and soft domestic equities constrained gains. Analysts identified short-term technical support and resistance for USD/INR and noted that US data and FOMC guidance, along with crude oil and the US dollar index, would influence near-term direction. An RBI bulletin's high-frequency indicators pointed to stronger domestic momentum, but a strong dollar could increase capital outflows and external vulnerabilities. News - Thu, 20 Feb 2025 20:31:04 +0530 https://www.taxtmi.com/news?id=34730