The rupee crashes to its lowest, fell below 76 level against the US dollar

Amid ongoing conditions, the rupee has slipped by more than 110 paise in the present day and finished close to the record low at 76.29 per dollar.

It has reached a record low of 76.32 per dollar in the midst of tremendous selling found in the local stock market as Sensex hit the lower circuit in the early exchange.

Image Source

The rupee was opened at 76.02 versus Friday's end of 75.19. But, it suddenly experienced a crash of 500 paise (Rs 5) in practically more than 2 months' time period.

The Sensex was down by 11.96% or 3,576.75 points at 26339.21, and the Nifty was down by 11.70% or 1,023.30 points at 7722.15.

On Friday, the rupee allowed up its day's benefits to settle 8 paise lower at a low of 75.20 against the US dollar as forex push kept on shaking the stability of rupee due to ongoing lockdown.

Image Source

Gold costs also fell on Monday as financial experts exchanged their positions in the place of alternative metal in spite of upgrade measures from worldwide national banks to recover monetary loss from the pandemic.

Oil costs fell on Monday as governments raised lockdowns to stop the spread of the worldwide flare-up that has cut the consumption of this important commodity in the international market.

by Ishan Soni | Mon, Mar 23 - 08:30 PM

Related Posts

Namaste England actress Alankrita Sahai gets robbed in daylight at knifepoint

List of bollywood Celebrities roped in by NCB in alleged drug case

BJP MLA Ram Kadam reacts to Javed Akhtar comparing Taliban with RSS

PETA files FIR as horse dies during Mani Ratnam’s Tamil drama shoot

Celebs mourn passing away of Sidharth Shukla; From Rashami Desai to Raveena Tandon here’s what they posted