Rupee breaches 89, FPI sentiment hit: Ajay Bagga warns of warns of volatile days ahead

Indian markets remain near record highs, but a sharp rupee fall and global volatility have raised red flags, says market expert Ajay Bagga. He warns that RBI’s absence during the currency slide could hurt FPI sentiment and delay rate cuts. A US–India trade deal remains the biggest potential trigger, while private-sector banks continue to look attractive