BJP's Victory: Sensex, Nifty, Rupee soar

Mumbai: The rupee soared 42 paise to 66.18 against the dollar early today on increased selling of the US currency by exporters and banks amid higher foreign inflows following BJP's resounding win in UP and positive IIP numbers. Forex dealers said that a weakening dollar against other currencies overseas and domestic stock markets zooming to new highs with the NSE Nifty hitting a record 9,122.75 points in opening trade kept the rupee going. Furthermore, industrial production bouncing back in January, expanding by 2.7 per cent year-on-year too supported the rupee, they added. Meanwhile, the benchmark BSE Sensex rose 615.70 points, or 2.12 per cent, to 29,561.93 in opening trade today. .

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