https://www.taxtmi.com/news?id=40088 Rupee depreciation to 85.76 against the US dollar reflected global tariff driven volatility, risk off sentiment and substantial foreign institutional investor selloffs. Despite a sharp fall in Brent crude- which can offer support at lower levels- equity market losses and capital outflows dominated currency moves. Market analysts proposed trading ranges for USD INR and advised exporters to hedge, while attention focused on the Reserve Bank of India's monetary policy deliberations and rising forex reserves amid reserve management interventions. en-us Mon, 07 Apr 2025 21:01:03 +0530 Mon, 07 Apr 2025 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40088 Rupee depreciation to 85.76 against the US dollar reflected global tariff driven volatility, risk off sentiment and substantial foreign institutional investor selloffs. Despite a sharp fall in Brent crude- which can offer support at lower levels- equity market losses and capital outflows dominated currency moves. Market analysts proposed trading ranges for USD INR and advised exporters to hedge, while attention focused on the Reserve Bank of India's monetary policy deliberations and rising forex reserves amid reserve management interventions. News - Mon, 07 Apr 2025 21:01:03 +0530 https://www.taxtmi.com/news?id=40088