{"id":23853,"date":"2020-04-16T15:33:43","date_gmt":"2020-04-16T10:03:43","guid":{"rendered":"https:\/\/kashmir.today\/rupee-plummets-43-paise-to-settle-at-all-time-low-of-76-87-against-us-dollar\/"},"modified":"2020-04-16T15:33:43","modified_gmt":"2020-04-16T10:03:43","slug":"rupee-plummets-43-paise-to-settle-at-all-time-low-of-76-87-against-us-dollar","status":"publish","type":"post","link":"https:\/\/kashmir.watch\/?p=23853","title":{"rendered":"Rupee plummets 43 paise to settle at all-time low of 76.87 against US dollar"},"content":{"rendered":"\n<p><em>The Indian rupee tanked 43 paise to settle at an all-time low of 76.87 (provisional) against the US dollar on Thursday, amid rising concerns over COVID-19-led economic slowdown.<\/em><\/p>\n\n\n\n<p><em><a href=\"https:\/\/www.thehindu.com\/business\/rupee-plummets-43-paise-to-settle-at-all-time-low-of-7687-against-us-dollar\/article31354495.ece\">PTI<\/a><\/em><\/p>\n\n\n\n<p>Forex traders said the weakness in the rupee was largely due to strengthening of the US Dollar against a basket of currencies as investors fled to safe haven greenback amid weakening risk appetite in the markets.<\/p>\n\n\n\n<p>At the interbank foreign exchange, the rupee opened weak at 76.75, and during the day lost further ground to settle at 76.87, registering a fall of 43 paise over its previous close.<\/p>\n\n\n\n<p>During the session, the rupee moved between 76.68 and a low of 76.87 against the dollar.<\/p>\n\n\n\n<p>On Wednesday, the rupee had settled at 76.44 against the greenback.<\/p>\n\n\n\n<p>Besides, investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.<\/p>\n\n\n\n<p>Brent crude futures, the global oil benchmark, rose 1.17 per cent to USD 28.18 per barrel.<\/p>\n\n\n\n<p>Foreign institutional investors (FIIs) were net buyers in the capital markets, as they bought shares worth \u20b91,358.66 crore on Wednesday, as per provisional data.<\/p>\n\n\n\n<p>Domestic bourses were trading on a positive note with benchmark indices Sensex trading 334.06 points higher at 30,713.87 and Nifty up by 90.25 points at 9,015.55.<\/p>\n\n\n\n<p>The dollar index, which gauges the greenback\u2019s strength against a basket of six currencies, rose by 0.29% to 99.75.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian rupee tanked 43 paise to settle at an all-time low of 76.87 (provisional) against the US dollar on Thursday, amid rising concerns over COVID-19-led economic slowdown. PTI Forex traders said the weakness in the rupee was largely due to strengthening of the US Dollar against a basket of currencies as investors fled to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-23853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/23853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23853"}],"version-history":[{"count":0,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/23853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}