Mumbai, Jan. 24 -- The Reserve Bank of India (RBI) is expected to rein in any sharp appreciation in rupee due to hefty FIIs' inflows during the upcoming week.

Experts contend that effects of large FIIs' inflows will be neutralised by the RBI as it aims to keep the country's exports competitiveness.

"Rendezvous with 73 is becoming interesting, with RBI defending it and showing resolve that chunky capital flows should not lead to a strong rupee and hurt India's trade deficit," said Sajal Gupta, Head, Forex and Rates, Edelweiss Securities.

"The RBI has made it clear that sovereign interest is paramount even at risk of being on the watch list for regular interventions. Equity markets look shaky now after a historical upmove and trade defic...