Rupee surges as market cheers exit poll results

The rupee appreciated 79 paise to 69.44 against the US dollar in opening trade on Monday after exit poll results suggested another term for the ruling NDA government, even as crude oil prices firmed up. Forex traders said investors welcomed the exit poll results that predict a thumping majority for the current BJP-led government. Sentiments were also buoyed by positive opening in domestic equities.

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