https://www.taxtmi.com/news?id=62369 The rupee plunged to a record closing low of 89.61 per US dollar amid global risk-off sentiment and heavy selling in IT and AI-linked stocks, amplifying dollar demand and pressuring emerging-market currencies. The central bank stated it does not target any exchange-rate level and attributed the depreciation to market-driven dollar demand, while linking relief for the current account to a prospective favourable India-US trade agreement amid tariff-related uncertainty. en-us Fri, 21 Nov 2025 16:31:03 +0530 Fri, 21 Nov 2025 16:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62369 The rupee plunged to a record closing low of 89.61 per US dollar amid global risk-off sentiment and heavy selling in IT and AI-linked stocks, amplifying dollar demand and pressuring emerging-market currencies. The central bank stated it does not target any exchange-rate level and attributed the depreciation to market-driven dollar demand, while linking relief for the current account to a prospective favourable India-US trade agreement amid tariff-related uncertainty. News - Fri, 21 Nov 2025 16:31:03 +0530 https://www.taxtmi.com/news?id=62369