Rupee recovers 2.39% vs dollar in Mar

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%.

- BENN KOCHUVEEDAN @ Mumbai

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.