₹ & LTCG: 2 points from FM that changed the mood
Finance Minister Nirmala Sitharaman stated that the Reserve Bank of India may implement further measures to stabilize the rupee, which has recently hit a low. Her remarks on long-term capital gains (LTCG) tax sparked a rally in Indian equity markets, with the Sensex gaining over 1,000 points. Investors are now closely watching for potential tax reforms in the upcoming budget.