Rupee climbs 7 paise against dollar after BJP win
The rupee today appreciated 7 paise against the dollar after the Modi magic took over in Gujarat and Himachal Pradesh and the BJP gets ready to form the next government in both states. The BJP returns to power for the sixth straight term in Gujarat and unseats the Congress in Himachal Pradesh. In the opening session, the domestic currency bounced 7 paise to 64.17 against the dollar. Yesterday, it had lost 20 paise to 64.24. Sensex got off to a good start, jumping 143.22 points, or 0.42 per cent, to 33,744.90 today. Fresh selling of the American currency by exporters and banks amid a higher opening in domestic equities helped. -PTC News
