The rupee may well test the 2020 high of 73.00 in the coming week even as it breached Rs 72.50/$1 in late trade in NDF on Friday on likely overseas outflows into local stocks and debt amid as global investors got spooked by the fast spreading of coronavirus outside China. However, exporters selling around Rs 72.25/$1 and above may cap any sharp gains beyond Rs 72-72.05/$1 during intraday trades. Traders expect spot to trade in a range of Rs 71.75-72.05/$1 for the day. Dollar/rupee traded at Rs 71.96/$1 compared to Rs 71.92/$1 at open Thursday and previous close of Rs 71.55/$1.  Local stock indices crash tracking sell-off in global markets as overseas investors pull out of riskier assets tracking growing fears of the lethal COVID-19 virus, which is dampening market sentiments across the world.  Asian market plunged after a sharp fall in Wall Street, with all three US indexes falling into correction territory on Thursday. The S&P 500 posted its worst day since 2011. The Dow fell 4.4%.  Markets in China, Japan, and South Korea all posted heavy losses. WHO Director General Tedros Adhanom Ghebreyesus said the virus could become a pandemic as the outbreak spreads to major developed economies such as Germany and France. The 30-share index was down 2.84% at 38,616.95 on BSE, while the 50-share Nifty was 2.88% down at 11,298.85 on the National Stock Exchange. Further adding, local debt fell following panic selling by FPIs following world-wide coronavirus fear.  The 6.45%-2029 gilt traded at Rs 100.45 or 6.38% yield compared with Rs 100.69 or 6.35% yield at open Friday compared with Rs 100.50 or 6.37% yield at close on Thursday.