https://www.taxtmi.com/news?id=72784 Rupee weakness against the US dollar reflected pressure from elevated crude oil prices, West Asia geopolitical tensions and a strong dollar, with the currency touching a record low before closing near its all-time closing low. Traders noted that possible RBI intervention and reduced gold import demand following higher import tariffs could moderate further depreciation, but the near-term direction remained linked primarily to crude prices and geopolitical developments. Gold and silver import duties were raised to curb overseas purchases and ease pressure on foreign exchange reserves. en-us Wed, 13 May 2026 21:01:03 +0530 Wed, 13 May 2026 21:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72784 Rupee weakness against the US dollar reflected pressure from elevated crude oil prices, West Asia geopolitical tensions and a strong dollar, with the currency touching a record low before closing near its all-time closing low. Traders noted that possible RBI intervention and reduced gold import demand following higher import tariffs could moderate further depreciation, but the near-term direction remained linked primarily to crude prices and geopolitical developments. Gold and silver import duties were raised to curb overseas purchases and ease pressure on foreign exchange reserves. News - Wed, 13 May 2026 21:01:03 +0530 https://www.taxtmi.com/news?id=72784