Coronavirus impact: Rupee breaches 76 a dollar as stocks take a beating

The rupee crossed 76 a dollar for the first time as stock market tumbled amidst a rise in coronavirus cases globally, with more than 400 cases reported in India.

The rupee closed at 76.20 a dollar, down from its previous close of 75.20 a dollar. In the intraday trade, the rupee touched 76.30 a dollar. Currency dealers say the Reserve Bank of India (RBI) intervened to keep the rupee below 76, but let it fall further as pressures from the markets built up. Other emerging markets currencies also fell 0.5-1 per cent against the greenback as the dollar index remained at