https://www.taxtmi.com/news?id=71369 The rupee sharply depreciated against the US dollar due to geopolitical escalation and a crude oil price spike, which triggered safe-haven dollar demand and foreign institutional equity outflows. Higher oil prices threaten to widen India's import bill and current account pressures, producing defensive market positioning and a negative bias for the currency, even as the Reserve Bank of India intervened in the interbank market to limit further depreciation. en-us Mon, 02 Mar 2026 20:31:03 +0530 Mon, 02 Mar 2026 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71369 The rupee sharply depreciated against the US dollar due to geopolitical escalation and a crude oil price spike, which triggered safe-haven dollar demand and foreign institutional equity outflows. Higher oil prices threaten to widen India's import bill and current account pressures, producing defensive market positioning and a negative bias for the currency, even as the Reserve Bank of India intervened in the interbank market to limit further depreciation. News - Mon, 02 Mar 2026 20:31:03 +0530 https://www.taxtmi.com/news?id=71369