This has been a single-minded growth-focused budget and probably inflationary too. It got a big thumbs up from the equity markets as key indices ended up by almost 1-1.5%. Bond markets had reasons to be upset. 10-year G-Sec yield rose 0.15% to 6.83%. 2-year and 3-year G-Sec yields rose the sharpest by 0.43% and 0.47% respectively. The rupee fell marginally against the US dollar to 74.8 levels.
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