https://www.taxtmi.com/news?id=44257 The rupee weakened to 85.67 per US dollar in early trade, driven by rising US Treasury yields, substantial foreign institutional investor selling, and higher crude oil prices. Demand for dollars from oil companies refilling strategic reserves amid Middle East tensions added to downward pressure, while geopolitically driven supply concerns and elevated global borrowing costs sustained negative forex market sentiment. en-us Wed, 21 May 2025 09:46:03 +0530 Wed, 21 May 2025 09:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44257 The rupee weakened to 85.67 per US dollar in early trade, driven by rising US Treasury yields, substantial foreign institutional investor selling, and higher crude oil prices. Demand for dollars from oil companies refilling strategic reserves amid Middle East tensions added to downward pressure, while geopolitically driven supply concerns and elevated global borrowing costs sustained negative forex market sentiment. News - Wed, 21 May 2025 09:46:03 +0530 https://www.taxtmi.com/news?id=44257