https://www.taxtmi.com/news?id=44477 The domestic currency weakened against the US dollar due to heightened dollar demand from importers, foreign banks and corporate buyers, elevated crude oil prices, and rising US bond yields that narrowed the yield differential and reduced the appeal of Indian assets. Technical breaches and the unwinding of short positions, alongside a relaxation of tight exchange-rate management, sustained dollar purchases by oil companies, foreign portfolio investors and government-related payables, while equity declines and FII selling reflected broader risk-off sentiment. en-us Thu, 22 May 2025 20:31:04 +0530 Thu, 22 May 2025 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44477 The domestic currency weakened against the US dollar due to heightened dollar demand from importers, foreign banks and corporate buyers, elevated crude oil prices, and rising US bond yields that narrowed the yield differential and reduced the appeal of Indian assets. Technical breaches and the unwinding of short positions, alongside a relaxation of tight exchange-rate management, sustained dollar purchases by oil companies, foreign portfolio investors and government-related payables, while equity declines and FII selling reflected broader risk-off sentiment. News - Thu, 22 May 2025 20:31:04 +0530 https://www.taxtmi.com/news?id=44477