https://www.taxtmi.com/news?id=46366 The currency gained modestly against the US dollar due to a softer dollar, lower global crude prices, and a positive equity opening, but further appreciation was limited by net foreign institutional outflows. Market commentary set a trading range and recommended short-term hedging: importers buying near the lower bound and exporters waiting for levels above the upper bound. Upcoming CPI data was identified as the principal near-term factor likely to determine the currency's range. en-us Thu, 12 Jun 2025 10:01:03 +0530 Thu, 12 Jun 2025 10:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=46366 The currency gained modestly against the US dollar due to a softer dollar, lower global crude prices, and a positive equity opening, but further appreciation was limited by net foreign institutional outflows. Market commentary set a trading range and recommended short-term hedging: importers buying near the lower bound and exporters waiting for levels above the upper bound. Upcoming CPI data was identified as the principal near-term factor likely to determine the currency's range. News - Thu, 12 Jun 2025 10:01:03 +0530 https://www.taxtmi.com/news?id=46366