https://www.taxtmi.com/news?id=69662 The Reserve Bank appeared to defend the 92-per-dollar level as the rupee strengthened to 91.51, aided by retreating crude prices, large forex reserves and suspected corporate dollar selling, while near-term USD INR was forecast to consolidate within a tight range. Concurrently, the Union Budget's large borrowing plan to fund a 4.3% of GDP fiscal deficit and changes increasing securities transaction tax on derivatives and altering buyback taxation dampened investor sentiment, triggered equity market weakness and prompted foreign institutional selling. en-us Mon, 02 Feb 2026 16:01:04 +0530 Mon, 02 Feb 2026 16:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69662 The Reserve Bank appeared to defend the 92-per-dollar level as the rupee strengthened to 91.51, aided by retreating crude prices, large forex reserves and suspected corporate dollar selling, while near-term USD INR was forecast to consolidate within a tight range. Concurrently, the Union Budget's large borrowing plan to fund a 4.3% of GDP fiscal deficit and changes increasing securities transaction tax on derivatives and altering buyback taxation dampened investor sentiment, triggered equity market weakness and prompted foreign institutional selling. News - Mon, 02 Feb 2026 16:01:04 +0530 https://www.taxtmi.com/news?id=69662