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Rupee recovers 2.39% vs dollar in Mar
The New Indian Express Kochi
|March 29, 2025
AFTER struggling near record-low levels until mid-February, when it had sniffed at 88 to the dollar, the rupee has staged a sharp recovery to trade nearly flat on the year and is on track to log its best monthly gains since November 2018 in March, rallying a little over 2%.
The domestic currency is boosted by seasonal and portfolio dollar inflows, a weakening greenback alongside a drop in bearish positions on the currency. However, the currency ends the outgoing fiscal 2025 with a 2.5% deep cut. On the last trading of the fiscal 2025 on Friday, the rupee closed 32 paise stronger at 85.47 from the previous closing of 85.79.
This story is from the March 29, 2025 edition of The New Indian Express Kochi.
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