Rupee Surges 60 Paise To 69.62 Against US Dollar

Mumbai: The Indian Rupee surged by 60 paise at 69.62 versus the US dollar on Monday.

On Friday, the domestic unit had consolidated in a narrow range ahead of the release of exit polls that were released last evening. The rupee opened higher against the dollar as exit polls suggested that the current ruling government could win another term with a thumping majority.

Equities, bonds as well as the rupee all are expected to open higher and could extend gains after the opening. Votes are set to be counted on May 23 and exit polls suggest a clear win for BJP-led NDA.

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