Mumbai: Due to the spread of corona virus worldwide, there is an atmosphere of chaos. Stock markets are bursting, crude oil is slipping, gold prices are falling and today the rupee reached all-time low in afternoon trade. The rupee was down more than 90 paise to 75.16 against the US dollar.
Today, the rupee was seen falling 70 paise to 74.96 against the US dollar in early trade. In view of the growing cases of Corona virus in the country and its impact on the economy, foreign investors are selling in the stock market, which is seeing the effect on the rupee.
The sharp decline in the stock market and the frequent exit of foreign funds have further increased the concern of traders. In the money market, the rupee opened at 74.96, down by 70 paise against the previous session and closed at 74.26 on Wednesday.
