Rupee declines 4 paise to close at 86.72 against US dollar https://www.taxtmi.com/news?id=35058 The Reserve Bank's planned three year buy/sell USD swap operation is described as a liquidity management measure to ease a tightening domestic liquidity position and bring FX premiums down; market participants are advised that exporters may sell and importers may buy around upticks and dips. This intervention is set against recent indicators-declining forex reserves and overseas portfolio outflows-that amplify external liquidity pressures and exchange rate volatility. en-us Mon, 24 Feb 2025 16:01:05 +0530 Mon, 24 Feb 2025 16:01:05 +0530 TaxTMI RSS Generator Rupee declines 4 paise to close at 86.72 against US dollar https://www.taxtmi.com/news?id=35058 The Reserve Bank's planned three year buy/sell USD swap operation is described as a liquidity management measure to ease a tightening domestic liquidity position and bring FX premiums down; market participants are advised that exporters may sell and importers may buy around upticks and dips. This intervention is set against recent indicators-declining forex reserves and overseas portfolio outflows-that amplify external liquidity pressures and exchange rate volatility. News - Mon, 24 Feb 2025 16:01:05 +0530 https://www.taxtmi.com/news?id=35058