ET:Rupee strengthens to 10-month high on exit poll hopes
MUMBAI: Rupee rallied to its strongest level against the dollar since July 2013 on widespread hopes that exit polls later on Monday would show the opposition Bharatiya Janata Party winning a majority in the country's elections.
The optimism comes even as exit polls in previous elections have proved to be unreliable.
The partially convertible rupee touched as much 59.51 per dollar on Monday, the strongest level since July 29, 2013, compared to its 60.02/03 close on Friday.
Meanwhile, the benchmark BSE Sensex spurted by 338.67 points, or 1.47 per cent to hit a new record high of 23,332,90 in early trade on Monday.
