https://www.taxtmi.com/news?id=72728 The rupee fell sharply to a record low against the US dollar amid heightened West Asia tensions, a surge in crude oil prices, a stronger dollar and sustained foreign capital outflows. Market sentiment was also weakened by calls for austerity, including reduced discretionary spending and foreign travel, as part of efforts to conserve foreign exchange. India's foreign exchange reserves also fell in the latest reporting week, adding to pressure on the domestic currency. en-us Mon, 11 May 2026 16:16:04 +0530 Mon, 11 May 2026 16:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72728 The rupee fell sharply to a record low against the US dollar amid heightened West Asia tensions, a surge in crude oil prices, a stronger dollar and sustained foreign capital outflows. Market sentiment was also weakened by calls for austerity, including reduced discretionary spending and foreign travel, as part of efforts to conserve foreign exchange. India's foreign exchange reserves also fell in the latest reporting week, adding to pressure on the domestic currency. News - Mon, 11 May 2026 16:16:04 +0530 https://www.taxtmi.com/news?id=72728