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Rupee surged to 83.04 against US dollar after exit poll result
Updated On: 03 June, 2024 12:16 PM IST | Mumbai | mid-day online correspondent
The rupee surged 38 paise to reach its three-month high level of 83.04 against the US dollar. The country`s Goods and Services Tax (GST) receipts increased 10 per cent to Rs 1.73 lakh crore in May. On Friday, foreign investors bought shares worth a net of Rs 1,613.24 crore.
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The market is soaring after exit poll (Representative Image)
With strong macroeconomic data and exit poll results indicating a third term for the government led by Prime Minister Narendra Modi, the rupee surged 38 paise to reach its three-month high level of 83.04 against the US dollar in early trade on Monday.
Most of the exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the BJP-led NDA expected to win a big majority in the Lok Sabha elections. The market is soaring after exit poll, as reported by PTI.
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