USD/INR closed Rs 69.7350 Monday compared to previous close of Rs 70.22. USD/INR ends down on Monday after exit polls signalled the return of the ruling coalition, boosting optimism that pro-market policies will continue attracting more overseas inflows into local assets. Rupee opened  up as the exit poll results have come in better than expected.

Meanwhile, dollar/rupee in the non-deliverable forward market maturing in one month traded at Rs 70.50/$1 Monday compared to Rs 70.53/$1 at close of Friday. Exit polls predicted a majority for the Bharatiya Janata Party and its allies after the nation's six-week long general election ended Sunday.   
Crude oil futures surged as OPEC members led by Saudi Arabia meeting in Jeddah signalled a desire to extend an output cut accord through year end. Russia, the leading non-OPEC producer is also participating in the scheme. Brent futures for July delivery traded 1.38% up at $73.21 a barrel on Monday morning.
The dollar index, which tracks the movement of greenback against a basket of six major currencies, traded at 97.95 late Monday compared to 97.91 at close of Indian market on Friday.

Sensex traded 1,434 points higher in closing trade, with 29 components in the green.