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The Economic Times

Markets / The Economic Times

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RBI shores up rupee after budget underwhelms investors

India's central bank intervened to strengthen the rupee after the federal budget announcement, which negatively impacted government bonds and equities. While the budget prioritized manufacturing, it lacked the bold reforms investors sought. Analysts predict continued rupee weakness and rising local currency rates due to the budget's conservative approach and a global risk-off sentiment.

2 Feb 2026 11:05 am