https://www.taxtmi.com/news?id=73677 The rupee depreciated against the US dollar amid a firmer greenback and broader pressure on emerging market currencies, closing at 95.38 after trading within a narrow intraday range. Market commentary attributed the movement to expectations of a further US rate hike, while domestic equity strength and lower crude prices provided some support. Foreign exchange conditions were also influenced by developments in India's external buffers, with forex reserves declining in the latest reporting week after a prior increase. en-us Mon, 06 Jul 2026 16:16:03 +0530 Mon, 06 Jul 2026 16:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73677 The rupee depreciated against the US dollar amid a firmer greenback and broader pressure on emerging market currencies, closing at 95.38 after trading within a narrow intraday range. Market commentary attributed the movement to expectations of a further US rate hike, while domestic equity strength and lower crude prices provided some support. Foreign exchange conditions were also influenced by developments in India's external buffers, with forex reserves declining in the latest reporting week after a prior increase. News - Mon, 06 Jul 2026 16:16:03 +0530 https://www.taxtmi.com/news?id=73677