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Rupee slides 70 paise to 75.59 a dollar as coronavirus fears mount

Forex traders said heavy selling in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown

Rupee
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The rupee had settled at 74.89 against the greenback on Friday

Press Trust of India
The Indian rupee tumbled by 70 paise to close at 75.59 against the US dollar on Monday as concerns around coronavirus impact on the economy continued to hurt sentiment globally.
Forex traders said heavy selling in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown.
Moreover, strengthening of the American currency in the international market also weighed on the domestic currency.
At the interbank foreign exchange market, the rupee opened at 75.17. During the day, it lost further ground and finally settled at 75.59, down 70 paise over its previous close.
The rupee had settled at 74.89 against the

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First Published: Mar 30 2020 | 8:32 PM IST

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