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Indian Rupee: Perched around a 2-month high
21-Mar-2025 08:38

The Indian rupee is likely to have a flattish opening as equities stay muted and as dollar picked up bids in early Asia. Asian markets were muted this morning while the dollar stood tall, pushing gold prices lower. Domestic markets remain sensitive to sentiment shifts despite FIIs turning net buyers in Indian equities for the first time in months. Benchmark indexes Sensex and Nifty jumped around 1.2 percent each on Thursday to extend gains for a fourth straight session, while the rupee gained 1 paisa to close at 86.36 against the dollar. The counter is currently holding at around 2-month high. However, uncertainty surrounding President Donald Trump's tariff stance could pose challenges to the rupee's upward momentum.

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