https://www.taxtmi.com/news?id=73782 The Indian rupee weakened against the US dollar amid heightened US-Iran tensions, elevated crude oil prices, a stronger dollar and foreign capital outflows. Pressure on the domestic currency was linked to concerns over India's import bill and risk aversion in global markets, while domestic market recovery and some moderation in crude prices limited the decline. Retail inflation rose above the central bank's four per cent target, and the merchandise trade deficit widened as imports, particularly crude-related imports, increased despite stronger exports. en-us Mon, 13 Jul 2026 20:31:03 +0530 Mon, 13 Jul 2026 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73782 The Indian rupee weakened against the US dollar amid heightened US-Iran tensions, elevated crude oil prices, a stronger dollar and foreign capital outflows. Pressure on the domestic currency was linked to concerns over India's import bill and risk aversion in global markets, while domestic market recovery and some moderation in crude prices limited the decline. Retail inflation rose above the central bank's four per cent target, and the merchandise trade deficit widened as imports, particularly crude-related imports, increased despite stronger exports. News - Mon, 13 Jul 2026 20:31:03 +0530 https://www.taxtmi.com/news?id=73782