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.
FPIs withdraw Rs 5,479 crore from IT stocks in first half of July
In the first half of July, Information Technology stocks saw significant foreign outflows. Overseas investors sold shares across nine sectors. Fast Moving Consumer Goods and