The rupee fell sharply against the US dollar today in line with a selloff in domestic equity markets. The rupee inched closer to 76 per US dollar after it fell to 75.97 at day's low before setting at 75.91.

The rupee had closed at 75.58 in the previous session. So far this year, the rupee is down about 6.5% against US dollar, hitting a low of 76.91 earlier this year.

Risk sentiment was weak as the fiscal stimulus package failed to enthuse investors. The government on Sunday extended the coronavirus lockdown for two more weeks with the fourth phase providing more relaxations outside the containment zones.

The Sensex fell over 1,000 points at day's low. Foreign institutional investors were net sellers in the capital market, as they sold

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India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Rupee falls sharply against US dollar, back near 76 per USD

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