Rupee recovers 2025 losses, surges 31 paise to close at 85.67 against US dollar

The Indian rupee continued its upward pace for the seventh consecutive season, closing 85.67 (provisional) in 31 money against the US dollar on Monday.
This advantage erased all the losses of rupee for 2025, raising positive trends in domestic equity markets, fresh foreign capital flows and low global raw price prices. Additionally, the US dollar weakness supported the rise of the rupee.
The rupee opened at 85.93, an intrade high of 85.49, and touched a low of 86.01 before closing at 85.67. This is the advantage of 31 money from its previous completion. According to news agency PTI, on Friday, the rupee took a 38 -money lead to close at 38.98.
It marks the seventh consecutive session of profit for the rupee, which has appreciated 154 money during this period. On December 31, 2024, with the end rate of 85.64 against the dollar, the rupee has now recovered all its losses for 2025.
Research analyst Dilip Parmar, HDFC Securities, said the recovery of the rupee was inspired by foreign banks and exporters selling dollars before the end of the financial year, while the state-driven banks remained out of the market. Positive spirit around the upcoming visit of an American representative in India and Foreign institutional investorsBuying activity in domestic equity markets helped support the rupee.
According to Parmer, in the near period, the spot USD/INR is expected to have support at 85.20 and resistance at 86.05.
The dollar index, which tracks the strength of greenback against six major currencies, was 0.09% less at 103.99, while Brent crude rose 0.54% to USD 72.55 per barrel.
On the domestic front, the 30-shire BSE Sensex increased by 1.40%, scored 1,078.87 points, closed at 77,984.38, while the Nifty advanced 1.32%, increased 307.95 points to 23,658.35.
Foreign institutional investors (FII) bought an equity of Rs 7,470.36 crore on a pure basis last Friday, further enhancing the market spirit. According to the Reserve Bank of India, India’s foreign exchange reserves increased by USD 305 million for the week ending March 14.
Equity Market has seen a decrease in selling pressure from FPI, reaching Rs 1,794 crore (USD 194 million) last week, as global concerns have decreased and optimism has increased around the possible de-size in the Russia-Ucraine conflict.