Markets have priced in narrow victory for opposition BJP and its allies in 543-seat lower house
Traders say pair will trade in tight range ahead of election outcome
Traders expect the rupee to trade in a 59.80 to 60.60 range until the exit polls
All Asian currencies are stronger versus the dollar
It firmed up further to 60.05 per dollar in view of foreign capital inflows into equity markets
Continued gains in share markets could further lure foreign investors with overseas net inflows into stocks already past $18 bn
Is seen holding in 59.90 to 60.30 range during the session
It closed at 60.21/22 per dollar as compared to 60.16/17 on Friday
All Asian currencies are stronger versus the dollar
The strategy to remain constructive on the portfolio would be the winner for now
South Korea's won strengthened 1.1 per cent to 1,030.33 per dollar
India's reserve position with the International Monetary Fund (IMF) increased by $2 million to $1.84 billion
Is seen in 60.10-60.50 range ahead of US data
Dealers said the Indian forex market was keenly awaiting the decision of the ongoing US Fed Reserve meeting
The rupee ended at Rs 60.34 compared with previous close of Rs 60.43 per dollar
Is seen in 60.30 to 60.45 range until the end of the session