Rupee Rises as Stocks Surge Tax Reform

  Published 11 months ago

Rupee gains 23 paise as stocks surge after Modi’s sweeping tax reform and S&P upgrade.

  • Sensex reached 81,765 intraday, closing at 81,273.75, up 0.84 percent amid strong domestic equity momentum.
  • Nifty closed 24,876.95, up 1.0%, after hitting 25,022 high earlier today due to tax reforms.
  • Trade tariff uncertainty with the US may temper optimism despite robust GST collections and tax base.

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