Twitter

Facebook

Youtube

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Rashtriya Sahara Roznama Sahara
Indian rupee hits record low of 74.50/$ amid corona crisis
Last Updated : 13 Mar 2020 10:34:49 AM IST
file photo
file photo

 

The Indian rupee depreciated to a record low of 74.50 in its initial trade on Friday following the persistent fears of the coronavirus outbreak and bear run in the global financial markets.

 
Its previous low was 74.48 which it had hit in October, 2018.
 
It had opened at 74.39, weaker by 17 paise from its previous close of 74.22.
 
However, the rupee has appreciated marginally from its lows and is currently trading at 74.09 per dollar.
 
With an aim to curb further weakness for the rupee, the Reserve Bank of India (RBI) on Thursday announced that it will undertake a six-month ‘sell/buy swap' to provide liquidity to the foreign market.
 
Central banks across the world, including the US Federal Reserve have taken steps including announcement of emergency rate cuts to boost investor sentiments.

Further, fall in crude oil prices also weighed on the rupee market. Brent crude is currently at $33.03, which is 0.6 per cent lower than its previous close.



IANS
Mumbai
For Latest Updates Please-

Join us on

Follow us on


What binds the two most talked about nations - India and Pakistan together? What makes the

Raipur-based lawyer Faizan Khan – who was arrested in connection with the extortion-cum-

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

172.31.16.186