https://www.taxtmi.com/news?id=65981 The rupee weakened to 89.95 against the US dollar amid sustained foreign portfolio investor outflows (FPIs offloaded Rs 317.56 crore), with dollar strength and higher Brent crude contributing to pressure. The Reserve Bank of India's presence-through spot interventions, liquidity tools and forward market management-was cited as a stabilising backstop to prevent disorderly currency moves, while forex reserves rose by USD 4.368 billion to USD 693.318 billion. en-us Mon, 29 Dec 2025 09:46:02 +0530 Mon, 29 Dec 2025 09:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=65981 The rupee weakened to 89.95 against the US dollar amid sustained foreign portfolio investor outflows (FPIs offloaded Rs 317.56 crore), with dollar strength and higher Brent crude contributing to pressure. The Reserve Bank of India's presence-through spot interventions, liquidity tools and forward market management-was cited as a stabilising backstop to prevent disorderly currency moves, while forex reserves rose by USD 4.368 billion to USD 693.318 billion. News - Mon, 29 Dec 2025 09:46:02 +0530 https://www.taxtmi.com/news?id=65981