Rupee closed higher at 85.7100 per Dollar on Friday (28 March 2025), versus its previous close of 85.9875 per Dollar.Powered by Capital Market - Live News

The Indian rupee appreciated well to hit a fresh three-month high on Friday, supported by a resurgence of foreign fund inflows. Foreign institutional investors (FII/FPI) were net buyers on March 27, purchasing shares worth Rs 11,111 crore while domestic institutional investors (DII) were net buyers of shares worth Rs 2517 crore, provisional data showed. This is the highest single day buying by FIIs in 2025. INR gained 28 paise to close at 85.47 (provisional) against the US dollar on Friday, logging the best monthly gain in over six years. In March, the local unit appreciated over 2%. In the current financial year, however, the rupee has depreciated more than 2 per cent. Indian shares fell slightly on Friday as tariff worries mounted and investors awaited a key U.S. inflation reading for directional cues. However, rupee gains helped cap overall losses in the broader market as data showed foreign portfolio investors remained net buyers of Indian equities for the sixth straight session on Thursday, recording their highest one-day buying in 2025.Powered by Capital Market - Live News

The US dollar index is giving up some of its recent gains as markets eye the US economic trend. US dollar index hit a three week high around 104.30 yesterday but pulled back a bit. The U.S. economy grew by slightly more than previously estimated in the fourth quarter of 2024, according to revised data released by the Commerce Department on Thursday. The US gross domestic product surged by 2.4% in the fourth quarter compared to the previously reported 2.3% jump. The Commerce Department said the upward revision primarily reflected a downward revision to imports, which are a subtraction in the calculation of GDP. A downward revision to consumer spending limited the upside. However, the GDP growth in the fourth quarter still reflects a slowdown from the 3.1% surge in the third quarter. This is keeping the sentiments choppy for the US currency as it approaches near close of a downbeat month that has seen the US dollar index ease around 3.40% during the month. Powered by Capital Market - Live News

Euro has edged up after its recent string of losses. Euro/USD pair is quoting at 1.0819, up marginally on the day and bouncing from a three week low. The US dollar index is holding just above 104 mark but appears to be cautious as markets focus on Friday�s PCE report for potential insights into the Fed�s next policy move. Euro stayed broadly supported on positive economic cues from Germany earlier in the week. German business confidence improved to an eight-month high in March as defense and infrastructure spending plans offset concerns about US trade policies, survey data from the ifo Institute. The business climate index hit 86.7 in March, up from 85.3 in the previous month. The score was seen at 86.8. The reading was the strongest since last July. The survey showed that companies were more satisfied with current situation and their expectations improved noticeably.Powered by Capital Market - Live News

Rupee closed slightly higher at 85.9875 per Dollar on Thursday (27 March 2025), versus its previous close of 85.9900 per Dollar.Powered by Capital Market - Live News