India markets close in 5 hours 5 minutes

Rupee Plunges to Record Low of 74.50 Amid Coronavirus Fears

The Indian rupee tumbled to 74.50 to hit an all-time low on Friday, 13 March, amid the coronavirus outbreak which further sent the stocks into a bear market.

The rupee declined 0.4% to 74.50 per dollar, an all-time low, BloombergQuint reported.

The domestic currency opened 19 paise lower at 74.41 per dollar against previous close of 74.22.

It further tumbled to cross 11 October 2018 level of 74.48.

Indian equities had entered a bear market on Thursday as foreigners pulled $2.7 billion from the country’s equities this month.

(With inputs from BloombergQuint.)

. Read more on Business by The Quint.RSS & BJP’s Nehru-Netaji ‘Cosplay’: Irony Dies a Thousand DeathsRupee Plunges to Record Low of 74.50 Amid Coronavirus Fears . Read more on Business by The Quint.