Indian shares notched their best day in more than a decade after the government announced deep cuts in corporate taxes to revive flagging growth in Asia's third-largest economy.
Finance Minister Nirmala Sitharaman said the effective corporate tax rate would be lowered to around 25% from 30% and scrapped the minimum alternative tax for domestic companies.
Both the broader NSE index and the benchmark BSE index closed 5.
3% higher, finishing the week with gains of more than 1.5%.
The rupee, which rose as much as 0.9%.....