Rupee at near one-month high as interim budget sticks to script

The rupee rose to a near one-month high on Monday, helped by some late dollar selling by foreign banks, even as the finance minister presented a largely in-line budget, sticking to his fiscal deficit target while doling out sops to some sectors. P. Chidambaram announced a package of indirect tax cuts to breathe life into spending and investment, and trumpeted its record of growth and reform over the past decade in its last budge...