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Covid-19: Indian rupee plunges against US dollar, Sensex falls 2,100 points

IANS/Mumbai
Filed on March 16, 2020
indian rupee falls, us fed rates cut, markets tumble, coronavirus, covid19 affects markets

(Reuters file)

The fall in the India's domestic indices was in line with the decline in Asian markets.

Coronavirus fears continued to weigh on the investor sentiments as the BSE Sensex plunged over 2,100 points on Monday.

The Nifty50 on the National Stock Exchange also dropped over 500 points to fall below the 9,500 mark.

Also read: Asian stock markets, US futures sink after Fed's rate cut

The Sensex was trading at 31,960.19, lower by 2,143.29 or 6.28 per cent from the previous close of 34,103.48.

Also read: UAE gold, forex rates

It opened at the intra-day high of 33,103.24 and has touched a low of 32,206.23 points.

Rupee plunged 42 paise to 74.17 against US dollar in early trade, PTI reported, while it traded at 20.12 against the UAE Dirham this morning.

The Nifty50 was trading at 9,358.95, lower by 596.25 points or 5.99 per cent from its previous close.

The fall in the domestic indices was in line with the decline in Asian markets.


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