Rupees

Stocks have already attracted the biggest yearly inflows since 2012, adding to the woes for the Reserve Bank of India that has been buying up the deluge of dollars to curb the rupee's gains

As the yield curve is very steep, Bhatia expects returns in the near-term to be driven by demand-supply of bonds rather than prospects of change in repo rates

The rupee depreciated 13 paise to 73.41 against the US dollar in opening trade tracking strengthening American currency

The Rupee's trajectory will also remain a big focus in today's session after plunging 84 paise to a new record low of 75.10 against the dollar on Thursday

Forex traders said the rupee which started the day on a positive note witnessed heavy volatility during the session as uncertainty over the economic impact of coronavirus spooked investors.

The government and RBI should address overvaluation

Sluggish domestic equities also weighed on trade

Given that inflation is likely to rise over the year, the rupee needs to depreciate