https://www.taxtmi.com/news?id=71668 The rupee weakened sharply in early trade and touched a record low against the US dollar amid elevated global crude prices, a strong dollar, foreign fund outflows and weakness in domestic equity markets. Market participants linked the depreciation to heightened dollar demand from oil imports and continued selling by foreign institutional investors. The Reserve Bank of India was reported to be active in the market at various levels, with expectations of possible intervention to curb further depreciation, while the dollar index remained firm and Brent crude continued to trade at elevated levels. en-us Mon, 23 Mar 2026 10:01:05 +0530 Mon, 23 Mar 2026 10:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71668 The rupee weakened sharply in early trade and touched a record low against the US dollar amid elevated global crude prices, a strong dollar, foreign fund outflows and weakness in domestic equity markets. Market participants linked the depreciation to heightened dollar demand from oil imports and continued selling by foreign institutional investors. The Reserve Bank of India was reported to be active in the market at various levels, with expectations of possible intervention to curb further depreciation, while the dollar index remained firm and Brent crude continued to trade at elevated levels. News - Mon, 23 Mar 2026 10:01:05 +0530 https://www.taxtmi.com/news?id=71668