https://www.taxtmi.com/news?id=73303 The rupee weakened sharply in the interbank foreign exchange market and closed at a record low against the US dollar amid geopolitical tensions, a stronger greenback, foreign capital outflows and weak domestic equity sentiment. Traders said elevated crude oil prices and concern over India's import bill added pressure, while near-term movement was expected to depend on crude oil, capital flows and global risk sentiment. Commentary also noted RBI sensitivity to excessive currency volatility and continued selling by foreign institutional investors. en-us Thu, 11 Jun 2026 20:46:04 +0530 Thu, 11 Jun 2026 20:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73303 The rupee weakened sharply in the interbank foreign exchange market and closed at a record low against the US dollar amid geopolitical tensions, a stronger greenback, foreign capital outflows and weak domestic equity sentiment. Traders said elevated crude oil prices and concern over India's import bill added pressure, while near-term movement was expected to depend on crude oil, capital flows and global risk sentiment. Commentary also noted RBI sensitivity to excessive currency volatility and continued selling by foreign institutional investors. News - Thu, 11 Jun 2026 20:46:04 +0530 https://www.taxtmi.com/news?id=73303