The rupee gained around 0.5 per cent in one-month non-deliverable forwards.
Higher opening in domestic equity market capped rupee losses.
Mumbai: The Indian rupee rose in non-deliverable forwards trading on Monday, after Prime Minister Narendra Modi's party won a landslide victory in an important battleground state.
Modi's victory in Uttar Pradesh strengthens his claim to a second term in national elections in 2019, and is seen as an endorsement of his economic reform agenda.
The rupee gained around 0.5 percent in one-month non-deliverable forwards (NDFs) trading to 66.35 per U.S. dollar.
( Source : reuters )
Next Story
