https://www.taxtmi.com/news?id=44061 The rupee rose 17 paise to 85.40 against the US dollar, led by a weaker US dollar index and lower crude oil prices after a US credit rating downgrade and weak US data. Traders cited intraday trading between 85.35 and 85.61 and expected USD INR to trade near 85.10-85.65, while concerns persist that sustained Brent prices could widen India's trade deficit and boost dollar demand. Domestic equities weakened and foreign inflows remained notable, even as forex reserves rose on higher gold assets. en-us Mon, 19 May 2025 16:01:05 +0530 Mon, 19 May 2025 16:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44061 The rupee rose 17 paise to 85.40 against the US dollar, led by a weaker US dollar index and lower crude oil prices after a US credit rating downgrade and weak US data. Traders cited intraday trading between 85.35 and 85.61 and expected USD INR to trade near 85.10-85.65, while concerns persist that sustained Brent prices could widen India's trade deficit and boost dollar demand. Domestic equities weakened and foreign inflows remained notable, even as forex reserves rose on higher gold assets. News - Mon, 19 May 2025 16:01:05 +0530 https://www.taxtmi.com/news?id=44061