Rupee falls beyond 76 per USD for first time2 min read . Updated: 23 Mar 2020, 05:22 PM IST
- The US dollar today strengthened against other major currencies
- Rupee may see further weakness in near term as investors have been liquidating positions in safe-havens, including gold, and other riskier investments, to keep their money in dollars
The rupee today fell sharply against the US dollar, weakening past the 76 per dollar mark for the first time. The rupee fell to a record low of 76.32 per US dollar, before closing at 76.29, against previous close of 75.19. The rupee today opened at 75.69 amid a broad strengthening of the US dollar against other major currencies. Domestic equity markets fell sharply today with Sensex crashing about 4,000 points, its biggest one-day fall ever amidst concerns about the increasing number of coronavirus cases in the country.
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