Rupee Carry Trade Gets A Boost From Government's Corporate Tax Cut ndtv.com

The carry trade for the Indian rupee is getting boosted after a shock $20 billion tax cut by the government.
The corporate tax reduction announced on Friday has spurred $374 million of inflows into Indian stocks in three days, and supported the rupee. That's adding to the attractiveness of the currency for carry-trade strategies, according to UBS Group AG and Kotak Securities Ltd.