https://www.taxtmi.com/news?id=42892 Rupee strengthened by 24 paise to close at 84.33 against the US dollar, driven by a sharp decline in crude oil prices and robust foreign equity inflows. Falling crude prices eased India's import bill and supported macro fundamentals, while sustained net purchases by foreign institutional investors provided capital account support. A softer dollar index, gains in domestic equity benchmarks, and a continued rise in foreign exchange reserves together influenced the exchange rate movement and near-term volatility. en-us Mon, 05 May 2025 16:01:03 +0530 Mon, 05 May 2025 16:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=42892 Rupee strengthened by 24 paise to close at 84.33 against the US dollar, driven by a sharp decline in crude oil prices and robust foreign equity inflows. Falling crude prices eased India's import bill and supported macro fundamentals, while sustained net purchases by foreign institutional investors provided capital account support. A softer dollar index, gains in domestic equity benchmarks, and a continued rise in foreign exchange reserves together influenced the exchange rate movement and near-term volatility. News - Mon, 05 May 2025 16:01:03 +0530 https://www.taxtmi.com/news?id=42892