https://www.taxtmi.com/news?id=72750 The rupee fell to a fresh record low against the US dollar amid global risk aversion, stronger dollar trends and a sharp rise in Brent crude prices. Traders linked the weakness to concerns over India's trade deficit and balance-of-payments pressures if oil prices remain elevated, while noting that any RBI intervention could support the currency at lower levels. The report also notes foreign institutional selling and weakness in domestic equity markets. en-us Tue, 12 May 2026 20:31:05 +0530 Tue, 12 May 2026 20:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72750 The rupee fell to a fresh record low against the US dollar amid global risk aversion, stronger dollar trends and a sharp rise in Brent crude prices. Traders linked the weakness to concerns over India's trade deficit and balance-of-payments pressures if oil prices remain elevated, while noting that any RBI intervention could support the currency at lower levels. The report also notes foreign institutional selling and weakness in domestic equity markets. News - Tue, 12 May 2026 20:31:05 +0530 https://www.taxtmi.com/news?id=72750