https://www.taxtmi.com/news?id=35890 The rupee strengthened modestly against the dollar due to overseas dollar weakness, lower crude prices and exporter dollar sales, while equity volatility and foreign institutional investor outflows constrained gains. The Reserve Bank's dollar-rupee swap, under which banks sell dollars to the central bank and agree to repurchase them at swap maturity, served as a liquidity injection tool and attracted robust demand. Movements were also influenced by changes in forex reserves, manufacturing PMI, GST collections and the fiscal deficit trajectory. en-us Mon, 03 Mar 2025 16:16:02 +0530 Mon, 03 Mar 2025 16:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35890 The rupee strengthened modestly against the dollar due to overseas dollar weakness, lower crude prices and exporter dollar sales, while equity volatility and foreign institutional investor outflows constrained gains. The Reserve Bank's dollar-rupee swap, under which banks sell dollars to the central bank and agree to repurchase them at swap maturity, served as a liquidity injection tool and attracted robust demand. Movements were also influenced by changes in forex reserves, manufacturing PMI, GST collections and the fiscal deficit trajectory. News - Mon, 03 Mar 2025 16:16:02 +0530 https://www.taxtmi.com/news?id=35890