The rupee has depreciated more than 10 percent against the US dollar since January 2018 and was at Rs 72.1 against the dollar as of 21 September.
The rupee is back at 68 against the dollar and surprisingly nobody seems to be that worried. Last time, the currency hit 68 under the United Progressive Alliance regime, it had become a political hot potato.
The opening up of the sector to FDI in 2005 initiated the entry of new avenues for funding, and capital inflow witnessed a spike.
Maintaining its upward trend, the benchmark BSE Sensex on Friday rose further by over 121 points in early trade on the back of rally in realty, auto, power and capital goods sector stocks amid increased fund inflows.