https://www.taxtmi.com/news?id=72678 The rupee appreciated against the US dollar as Brent crude prices eased and market sentiment improved on signs of possible de-escalation in West Asia. Traders linked the currency move to a weaker dollar, stronger domestic equities, and expectations that the Reserve Bank of India is supporting the currency through a non-direct intervention strategy rather than by directly deploying foreign exchange reserves. One proposed measure is to encourage state-run banks to raise foreign currency funds through bonds to generate fresh dollar inflows. en-us Wed, 06 May 2026 20:31:04 +0530 Wed, 06 May 2026 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72678 The rupee appreciated against the US dollar as Brent crude prices eased and market sentiment improved on signs of possible de-escalation in West Asia. Traders linked the currency move to a weaker dollar, stronger domestic equities, and expectations that the Reserve Bank of India is supporting the currency through a non-direct intervention strategy rather than by directly deploying foreign exchange reserves. One proposed measure is to encourage state-run banks to raise foreign currency funds through bonds to generate fresh dollar inflows. News - Wed, 06 May 2026 20:31:04 +0530 https://www.taxtmi.com/news?id=72678