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India Rupee in Biggest Weekly Rally Since September as BJP Leads

The rupee surged more than 2 percent this week, the biggest rally since September, on optimism Indian election results today will show a clear winner capable of reviving the economy.

The opposition Bharatiya Janata Party and its allies led in 263 seats and the ruling Congress-led bloc in 75 in the world’s biggest-ever vote, according to NDTV television channel’s tally of count as of 9:30 a.m. in Mumbai. There are 543 parliamentary seats up for grabs, with 272 needed for a majority. The S&P BSE Sensex of local shares jumped 5.2 percent, the most in five years, to a record.