NEW DELHI (Alliance News) - The Indian rupee advanced against the US dollar in evening deals on Tuesday as exit poll results suggest clear victory for Narendra Modi-led Bharatiya Janata Party and its allies in Lok Sabha elections.
Heavy capital inflows from foreign institutional investors also lifted Indian shares.
The rupee that ended Monday's trading at 60.075 against the greenback climbed to 59.55. The next possible upside target for the rupee lies around the 59.00 zone.
