Rupee gains to new month high of 61.70

The rupee gained to its strongest against the dollar in a month on Thursday as exit polls predicted a strong showing for the key opposition party in state elections held since November. Results for state elections are due on Sunday. Confirmation of a strong showing by the opposition Bharatiya Janata Party would bolster the chances of victory in general elections due by May, according to analysts. BJP is perceived by many investo...