The rupee appreciated 25 paise to close at 85.49 against the US dollar on Friday, marking its strongest monthly gain in over six years with a 2.17% rise in March. This surge was driven by robust foreign institutional investor (FII) inflows, with over Rs 32,000 crore pumped into the markets in six consecutive sessions. However, weak domestic equities and a stronger US dollar capped further gains. Traders expect the rupee to trade between 85.15 and 86.70 in the near term.
Rupee Registered Best Monthly Rise in 6 Years
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