To encourage social sector spending, markets regulator Sebi has suggested that the government should allow tax benefits to companies investing in zero coupon zero principal bonds issued by not-for-profit organisations listed at the social stock exchange.
Rupee touches 4-month high of 84.96/$, but closes at 85.23
The dollar index declined to 101.27, but mildly strengthened to 102.66 later during the day. The rupee moved in the range of 84.95-85.33 to a