https://www.taxtmi.com/news?id=73970 Foreign exchange market conditions reflected an early appreciation of the rupee against the US dollar, with likely central bank intervention through state-owned banks reported as limiting sharper depreciation. Softer dollar conditions provided limited support, while elevated crude oil prices increased dollar demand from oil marketing companies and sustained importer buying pressure. Foreign institutional investor equity outflows, domestic equity weakness, and West Asia tensions affecting oil prices also influenced the rupee. en-us Fri, 24 Jul 2026 09:46:02 +0530 Fri, 24 Jul 2026 09:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73970 Foreign exchange market conditions reflected an early appreciation of the rupee against the US dollar, with likely central bank intervention through state-owned banks reported as limiting sharper depreciation. Softer dollar conditions provided limited support, while elevated crude oil prices increased dollar demand from oil marketing companies and sustained importer buying pressure. Foreign institutional investor equity outflows, domestic equity weakness, and West Asia tensions affecting oil prices also influenced the rupee. News - Fri, 24 Jul 2026 09:46:02 +0530 https://www.taxtmi.com/news?id=73970