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Lawsuits against businesses over Coronavirus have begun. More to come?

Hospitals, restaurants, day care centers, nursing homes and hotels may face claims that they didn’t take adequate steps to protect people. Shareholders can sue if companies fail to act effectively in response to the epidemic. Businesses are scrambling to see if their insurance policies cover disruptions caused by the virus. Governments are reviewing their quarantine powers.

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India’s $476 billion forex firepower can help arrest rupee’s panic drop

Citibank on Wednesday said the rupee appeared to have over-reacted to confirmation of the new virus cases and it recommends buying bullish rupee exposure via options. India’s link to the global supply chain is limited and the current-account deficit may narrow due to the virus’ impact on economic activity and lower commodity prices, strategist Gaurav Garg wrote in a note.

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