Gold Silver Reports (GSR) – Volatile Session Seen For The Rupee – Karnataka results will come out on Tuesday and exit polls over the weekend showed that the Bharatiya Janata Party is likely to emerge as the single largest party winning anywhere between 95-120 seats. If BJP forms the government, investors expect the rupee to appreciate to Rs 66.60 a dollar as political risk premium will reduce. However, if Congress retains the state, the pair can surge to Rs 68.30 levels.
karnataka election 2018 survey
Exit Polls to Vex Indian Markets as Majority Seen Eluding Modi
Gold Silver Reports (GSR) – At least four exit polls, including Today’s Chanakya, which accurately predicted Modi’s victory in 2014 elections, showed the BJP as the single largest party winning anywhere between 95 to 120 seats in the 224-member Karnataka assembly. The incumbent Indian National Congress — also the main federal opposition party — is seen bagging 72 to 99 seats.