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Indian Rupee: Seen extending recovery
24-Mar-2025 09:21

The Indian Rupee is seen extending recovery on Monday morning tracking positive cues from equities and weakness in dollar overseas. U.S. President Donald Trump signaled flexibility on upcoming reciprocal tariffs and two Federal Reserve officials downplayed the recent rise in inflation expectations. Benchmark indexes extended their rally for the fifth straight session on Friday and ended with highest weekly gain in more than 4 years as foreign portfolio investors turned net buyers after remaining net sellers since the beginning of 2025. The domestic currency opened at Rs 85.93 per dollar and is climbed to a high of 85.88 so far during the day. The US dollar index is off its five month high and holds around 103.76 mark.

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