The Indian rupee surged to 85.63 per dollar, erasing 2025 losses amid strong foreign inflows and exporter dollar sales. The currency gained 2.1% in March, outperforming Asian peers. Foreign portfolio investors bought $1.3 billion in stocks and bonds, supporting the rupee’s appreciation.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction
December 9, 2025