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The Indian rupee crossed 75 a dollar on Thursday, responding to the risk-off sentiment in which all currencies witnessed a rout against the greenback, with oil prices crashing amid the deepening coronavirus pandemic.
The rupee, which hit an intra-day low of 75.30, closed at 74.99 a dollar, according to Bloomberg, falling 1.01 per cent. However, the Clearing Corporation of India said the rupee ended the day at 75.12 a dollar.
A thinly traded market is compounding problems for the rupee, as any minor lumped-up demand for the dollar or slight dollar sales by the RBI are changing the course of the exchange
