The Indian central ‍bank's interventions helped boost the rupee away from record low levels on Monday, a day ⁠after the announcement of the country's federal budget, which left sovereign government bonds reeling and equities on tenterhooks. The rupee appeared on course to open near its all-time low ‌of 91.9875 ‌per dollar, but the central bank's intervention helped shore it up to 91.60, a gain ‌of 0.4% from its closing level on Friday. India pushed manufacturing to the forefront of its budget but stopped short of the bold reforms sought by investors to boost investment amid rising geopolitical tensions. All about ETLegalWorld industry right on your smartphone! Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles.

Source: Economic Times February 02, 2026 09:14 UTC