https://www.taxtmi.com/news?id=51874 US-imposed additional import duties on purchases of Russian oil, reportedly reaching up to 50 per cent on select Indian exports, have weakened market sentiment, spurred foreign investor selling, and pressured the rupee, while a weak US dollar and lower oil prices intermittently supported the currency. The central bank kept policy rates unchanged and retained a neutral stance, and analysts forecast a defined near term USD INR trading range with tariff uncertainty, equity weakness, and capital outflows as the main transmission channels to exchange rate volatility. en-us Thu, 07 Aug 2025 20:31:04 +0530 Thu, 07 Aug 2025 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51874 US-imposed additional import duties on purchases of Russian oil, reportedly reaching up to 50 per cent on select Indian exports, have weakened market sentiment, spurred foreign investor selling, and pressured the rupee, while a weak US dollar and lower oil prices intermittently supported the currency. The central bank kept policy rates unchanged and retained a neutral stance, and analysts forecast a defined near term USD INR trading range with tariff uncertainty, equity weakness, and capital outflows as the main transmission channels to exchange rate volatility. News - Thu, 07 Aug 2025 20:31:04 +0530 https://www.taxtmi.com/news?id=51874