At 12:50PM, rupee is trading up 0.72% at 58.87 against the US dollar.
The Indian currency zoomed to a 10-month high of 59.08 against the dollar on Thursday.
The country’s stock markets have been trading at historic highs for the past few days over expectations of a BJP-led coalition taking charge post May 16. The saffron party is seen as more pro-investment than the incumbent Congress-led coalition.
Sustained dollar inflows into domestic shares ahead of election results on Friday have helped the rupee to gain.
The Indian currency zoomed to a 10-month high of 59.08 against the dollar on Thursday.
The country’s stock markets have been trading at historic highs for the past few days over expectations of a BJP-led coalition taking charge post May 16. The saffron party is seen as more pro-investment than the incumbent Congress-led coalition.
Sustained dollar inflows into domestic shares ahead of election results on Friday have helped the rupee to gain.
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