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Business12 March 20201 min read

Indian Rupee Crash Against Dollar As Coronavirus Continues

The rupee dropped by 82 paise to hit 74.50 against the dollar in early trade on Thursday, amid sharp losses in global markets after the US imposed a temporary ban on travel from Europe to fight the coronavirus pandemic. Against the UAE dirham, the rupee was trading at 20.20 at 7:

Editorial Team Legacy

Published 12 March 2020, 8:00 · Updated 21:28

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Indian Rupee Crash Against Dollar As Coronavirus Continues

The rupee dropped by 82 paise to hit 74.50 against the dollar in early trade on Thursday, amid sharp losses in global markets after the US imposed a temporary ban on travel from Europe to fight the coronavirus pandemic.

Against the UAE dirham, the rupee was trading at 20.20 at 7:45 am (UAE time), according to XE.com.

Domestic stock markets nosedived to a 30-month low as the benchmark index Nifty 50 slid below the 10,000 mark tracking global markets.

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