Rupee hits 11-month high after BJP victory in Uttar Pradesh
The Indian rupee on Tuesday hit an 11-month high against the US dollar as markets surged following Bharatiya Janata Party’s victory in Uttar Pradesh. The rupee touched a high of 66.18 during the day. On Saturday, BJP won over 300 out of 403 seats in UP assembly elections, raising expectations of political stability, and smooth implementation of reforms including GST.