Rupee on a roll, clocks strongest close in 2025

March 25, 2025

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.

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HDFC Defence Fund topped equity mutual fund returns in March with 22%. PSU-themed funds followed, with Invesco India PSU Equity Fund and Aditya Birla SL

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Indian markets rebounded on Wednesday after a two-day decline. The BSE Sensex gained 450 points, while Nifty50 closed above 23,200. FMCG, consumer durables, and realty

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