Rupee slides 22p against dollar to three-week low

Market participants are also assessing the economic implications of the coronavirus outbreak and awaiting cues from the Union Budget.

BSE sensex, market news rupee vs dollar, US dollar value, Indian express

Forex traders said most Asian currencies declined after the United States Federal Reserve kept its key policy rates steady. (Representational image)

The rupee lost 22 paise to close at a three-week low of 71.49 against the US dollar on Thursday tracking heavy sell-off in domestic equities amid rising concerns over the outbreak of coronavirus. Forex traders said most Asian currencies declined after the United States Federal Reserve kept its key policy rates steady.

Moreover, market participants are also assessing the economic implications of the coronavirus outbreak and awaiting cues from the Union Budget.

At the interbank foreign exchange market, the domestic currency opened weak at 71.39 a dollar. It finally settled the day lower by 22 paise at 71.49, a level not seen since January 8. On Wednesday, the local unit had closed at 71.27 against the greenback.

Story continues below this ad

Meanwhile, benchmark indices resumed their downward spiral on Thursday as concerns over the coronavirus outbreak in China continued to dampen investor sentiment.

The Street witnessed sell-off as all sectoral indices ended the day in red. The Sensex tumbled 284.84 points to close at 40,913.82 points, while the broader Nifty50 declined 0.77 per cent to 12,035.80 points. —FE witH PTI

Tags:
BSE Sensex

In the video aired on regional news channels, Pawar purportedly speaks to Anjana Krishna, sub-divisional police officer, Karmala, from the phone of an NCP worker. (Express Photo by Narendra Vaskar)

‘I’ll video call you’: Video of Ajit Pawar ‘rebuking’ woman IPS officer goes viral

Cities1 hr ago

NCP denies Ajit Pawar's involvement in stopping an IPS officer from taking action against illegal excavation in Solapur district. Party clarifies that Pawar was trying to calm party workers, not support illegal activity. AAP criticizes misuse of power and questions the need for ministers to have officers of their choice in certain areas. Video shows officer not recognizing Pawar's voice.

View all shorts

Live Blog