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The Indian rupee opened with gains of gains 26 paise at 69.75 versus previous close of 70.01 per dollar.
Going forward, the rupee is likely to perform better as election results have been seen to have a direct correlation with the currency.
Crude also has bounced back in price but huge gains in the commodity have been capped due to the ongoing US-China trade dispute.
Meanwhile, Sensex and Nifty tracking global cues and amid BJP win opened the day higher with Sensex gaining as much as 280 points and Nifty is hovering close to 11750 points.
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