Indian budget euphoria spoils UAE expat remitters’ party as rupee rallies

Indian Finance Minister Arun Jaitley presented a balanced budget on Monday, February 29, 2016, and the rupee has been on steroids ever since.

The rupee continued its unabashed rise over all six sessions since the country’s Budget 2016 was presented on the last day of February, staging a euphoric comeback to mark the currency’s biggest weekly gains since September 2013.

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