Business Standard

Rupee tumbles 70 paise against US dollar, hits 17-month low

The new coronavirus outbreak can now be described as a pandemic, the head of the World Health Organization announced Wednesday.

Rupee
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On Wednesday, overseas investors were net sellers to the tune of Rs 3,515.38 crore

SI Reporter New Delhi
The rupee on Thursday nosedived a whopping 70 paise against the US dollar after World Health Organisation (WHO) declared the deadly Coronavirus (Covid-19) pandemic. The currency hit a low of 74.34 during the session. However, later it trimmed some losses to trade at 74.12. 

The number of cases in over 100 countries around the world has risen to more than 124,000, with over 4,500 deaths, including a jump in fatalities in Iran and Italy in particular, according to an AFP tally.

China remains the worst-affected country with more than 80,000 confirmed cases and over 3,000 deaths. READ MORE
 
On Wednesday, the

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