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Rupee rises 37 paise to 91.56 against the US dollar in early trade

Mumbai, Feb 2 (PTI) The rupee gained 37 paise to 91.56 against the US dollar in early trade on Monday, a day after the Union Budget 2026-27 was presented, largely as crude oil prices retreated from their elevated levels. Forex traders said for the rupee, the budget offered reassurance, not relief. Moreover, the government’s high borrowing plan is likely to weigh on investor sentiments. The government is likely to borrow Rs 17.2 lakh crore in the next financial year to fund its fiscal deficit projected at 4.3 per cent of the GDP. At the interbank foreign exchange market, the rupee

Stock markets bounce back in early trade after sharp decline on Budget day

Mumbai, Feb 2 (PTI) Stock market benchmark indices Sensex and Nifty rebounded in early trade on Monday driven by value-buying in blue-chip firms, after facing massive drubbing on the Budget day. The 30-share BSE Sensex climbed 302 points to 81,024.94 during initial trade. The 50-share NSE Nifty went up by 59.25 points to 24,884.70. From the Sensex firms, Adani Ports, Larsen & Toubro, Asian Paints, Bharat Electronics, Eternal, Reliance Industries, Power Grid and HDFC Bank were among the major gainers. Trent, Titan, ITC and Hindustan Unilever were among the laggards. Finance Minister Nirmala Sitharaman on Sunday announced measures to boost

India’s budget boosts infrastructure spending while vowing fiscal discipline

NEW DELHI, February 1, 2026 (AP) — Prime Minister Narendra Modi’s government presented its annual budget to Parliament on Sunday, focusing on sustaining the country’s economic growth despite volatile financial markets and trade uncertainty. In a speech introducing the budget, Finance Minister Nirmala Sitharaman said the governments plans to boost investments in infrastructure and domestic manufacturing while sticking to fiscal prudence. The budget for the 2026-27 financial year, which starts April 1, comes as major economies grapple with high interest rates, geopolitical tensions and renewed protectionism that has weighed on global trade and capital flows. India has so far withstood

Rupee fastest falling Asian currency, faith of investors shaken: Cong’s Amitabh Dubey

New Delhi, Feb 1 (PTI) Congress leader Amitabh Dubey on Sunday claimed the Budget was just a series of “flashy announcements” and alleged that the Modi government’s policies had shaken investor confidence and led to a fall in the value of the rupee. One has to be sceptical of the announcements, given the government’s past track record on implementation, he said. Dubey, the in charge of research and monitoring in the party’s communications department, also slammed the government over the falling rupee and said there was a combination of reasons for it, one of them being that the faith of

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