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Election results in state will dictate Modi's reform agenda

A victory in Uttar Pradesh would be positive for both inflows and rupee in near term, says a Nomura strategist

Voters at a polling station on Wednesday during the final phase of state assembly elections in the state of Manipur. The state of Uttar Pradesh, however, stands out for its large number of lawmakers' seats.


INDIAN stocks are leading gains in Asia this year, the rupee has recouped almost all its losses since Donald Trump's US election win and foreigners have pumped US$2.4 billion into the country's bonds and equities.

As investors wait for the results of one of Narendra Modi's...

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