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Rupee shows mild strength against dollar on Monday
Mar-16-2026

Indian rupee has shown mild strength against the U.S. dollar on Monday as investors remained optimistic after Fitch Ratings revised upward India’s FY26 GDP growth forecast. Despite the ongoing conflict between Iran-US and Israel, Fitch Ratings has raised India’s GDP growth forecast marginally to 7.5% for current fiscal year 2025-26 (FY26) from 7.4% projected earlier in December 2025. The upward revision in growth estimation attributed to domestic demand, which will be the biggest growth driver this year, with consumer spending and investment rising by (an estimated) 8.6% and 6.9% in the current fiscal year. However, persistent foreign capital outflows have capped gains in rupee. The foreign institutional investors have sold securities worth Rs 10,716.64 crore on Friday’s session. Besides, high crude oil prices amid ongoing conflict in West Asia continued to weigh on rupee. On the global front, the British pound has strengthened against the U.S. dollar on Monday ahead of Bank of England’s policy decision this week.

Finally, the rupee ended at 92.28 (Provisional), strengthened by 2 paise from its previous close of 92.30 on Friday. The currency touched a high and low of 92.47 and 92.28 respectively.

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