Rupee Rises By 25 Paise To End At 69.89 Against Dollar

INSUBCONTINENT EXCLUSIVE:
dollar in line with a strong rally in domestic equities, reflecting positive investor sentiments amid hopes that the NDA government will get
the second term
Besides, sustained foreign fund inflows also helped the rupee trade higher.At the forex market, the unit opened on a positive note at 69.99
against the dollar and hit a high of 69.8250 and low of 70.03
It finally settled the day at 69.89, showing 25 paise gains
In the previous session on Friday, the rupee was down 14 paise to close at 70.14
American currency relative to a basket of key foreign currencies -- was marginally higher at 97.3220
support for the current government in the upcoming general elections
Prevailing geopolitical concerns in the wake of recent India-Pakistan military conflicts will be a key factor in the upcoming polls, they
institutional investors (FIIs) bought equities worth a net Rs 3,810.60 crore on Monday, while domestic institutional investors sold shares
pricing in second term for Narendra Modi-led NDA government
Bond markets are cautious ahead of inflation data which is likely to be higher from January reading of 2.05 per cent