Rupee to end FY23 stronger after recent volatility: Business Standard Poll

Amid Adani crisis, uncertain US rate view, improving fundamentals to buttress rupee

After displaying considerable strength versus the dollar in the first three weeks of 2023, the rupee surrendered all gains due to uncertainty about how much further US interest rates may rise and as the crisis in the Adani group momentarily soured sentiment for the domestic unit.

Going ahead, however, analysts expect the rupee to recover ground and end the current financial year stronger than its prevailing levels. According to the median of a Business Standard poll of 10 respondents, the rupee is seen at 82.25 per dollar at the end of March, stronger than its close of 82.73 per dollar