Indian market optimism soars following exit poll projections
Shares post fresh record highs, rupee gains on forecasts of decisive Modi win
[MUMBAI] Investors added to bets that Indian opposition leader Narendra Modi would score a decisive election win, sending markets to fresh highs yesterday at the same time as piling pressure on the next government to deliver swift results on the economy.
More than half a billion people voted in five weeks of staggered balloting - the largest-ever exercise in democracy. The vote wrapped up on Monday and official results will be announced on Friday.
Indian shares posted fresh record highs yesterday and the rupee hit a 10-month peak after the exit polls bolstered expectations that Mr Modi's Bharatiya Janata Party (BJP) and its allies would clinch the 272…
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