Rupee gains, stocks rally as govt may plan steps to rescue the currency

India’s rupee jumped the most in three weeks and stocks rallied after an official said the government may announce measures to support the currency after a planned review of the economy by Prime Minister Narendra Modi this weekend.

The measures will probably include steps to curb the decline in the rupee and oil prices, the official told reporters in New Delhi, asking not to be identified citing rules. The rupee has slumped to a succession of record lows in the past three months amid a selloff in emerging markets and concern about India’s current-account deficit.

“The market is seeing a temporary relief