https://www.taxtmi.com/news?id=72368 The rupee weakened sharply against the US dollar amid global risk aversion, higher crude oil prices, a stronger dollar and concerns over the blockade of Iranian ports and the Strait of Hormuz. Analysts linked the depreciation to foreign capital withdrawal from domestic equities and continued pressure from elevated oil prices and foreign institutional selling. India's forex reserves also rose in the latest reporting week, while the Asian Development Bank warned that prolonged conflict in West Asia could affect growth through higher energy costs, disrupted trade flows and weaker remittances. en-us Mon, 13 Apr 2026 16:16:04 +0530 Mon, 13 Apr 2026 16:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72368 The rupee weakened sharply against the US dollar amid global risk aversion, higher crude oil prices, a stronger dollar and concerns over the blockade of Iranian ports and the Strait of Hormuz. Analysts linked the depreciation to foreign capital withdrawal from domestic equities and continued pressure from elevated oil prices and foreign institutional selling. India's forex reserves also rose in the latest reporting week, while the Asian Development Bank warned that prolonged conflict in West Asia could affect growth through higher energy costs, disrupted trade flows and weaker remittances. News - Mon, 13 Apr 2026 16:16:04 +0530 https://www.taxtmi.com/news?id=72368