The rupee appreciated 47 paise to 74.29 against the US dollar in opening trade, as investor sentiments strengthened amid expectation of Joe Biden's victory in the US Presidential elections
The government and RBI should address overvaluation
The flagship Sensex plunged over 453 points to close at 33,149.35, while Nifty tumbled 135 points to 10,226.55
Part of the reason for the stable currency is active intervention by RBI