Rupee hosts biggest party in two years on dollar decline

March 8, 2025

The dollar index, which maps the strength of the dollar relative to a basket of currencies, slid to 103.6. It was just shy of the 110 mark as recently as late January, with safe-haven demand roiling equities across the Emerging Markets, and prompting the most protracted slide in India’s benchmark stock gauges in nearly three decades.

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