Rupee slides to all-time low of 76.44 as dollar strengthens

Paring its early gains, the rupee declined by 17 paise to close at its all-time low of 76.44 against the US dollar on Wednesday, tracking weak domestic equities and strengthening of the American currency overseas. \
Forex traders said a firm US dollar index weighed on the local unit. Besides, investor sentiment remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.\ \
At the interbank foreign exchange, the rupee opened strong at 76.07, but soon lost ground and finally settled at 76.44, registering a fall of 17 paise over its previous close.\ \

During the session, the rupee witnessed high volatility and touched a high of 75.99 and a low of 76.48 against the US dollar. On Monday, the rupee had settled at 76.27 against the greenback.\ \
The forex market was closed on April 14 on account of Baba Saheb Ambedkar Jayanti.\ \
After gyrating over 1,346 points during the day, the 30-share BSE Sensex ended 310.21 points or 1.01 per cent lower at 30,379.81.\ \
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.56 per cent to 99.43.\ \