New Delhi, Mar 19 Mar 2020, Thursday
Corona's impact on the stock market as well as the rupee.
The rupee had witnessed a weak weakness today and for the first time the rupee hit 75 against the dollar. Due to the potential impact on Corona's economy, the selling effect of investors in the stock market was also seen on the rupee.
At the International Monetary Market, the rupee fell 70 paise in the morning and opened at a level of 74.96. The rupee closed at 74.26 against the dollar on Wednesday.
Some know that the rupee can still erode. Because foreign investors are withdrawing their money from the stock market.
Crude oil can be expensive for India because of rupee depreciation. Visitors abroad may also find it difficult to pay more and the product coming from outside can be expensive.
Rupee slips past 75 levels against US dollar amid coronavirus uncertainty
- Press Trust of India (@PTI_News) March 19, 2020
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