Rupee Rises By 40 Paise To Settle At 70.94 Against Dollar: 10 Things To Know

"The news of government lowering corporate tax has rejoiced the market, stocks rallied sharply with bank nifty posting its biggest single day gain in 10 years. This gave rupee a big boost and dollar/rupee spot dropped to 70.67," said Rahul Gupta, Currency Research Head, Emkay Global Financial Services Limited.     Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in country's e...