The Indian rupee today fell to a new record low against the US dollar, despite strong traction in domestic equity markers. The rupee today opened at 76.09 before sliding to a record low of 76.55 against the US dollar.
The rupee had settled at 76.34 against the US dollar in the previous session. Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.
In India, over 5,700 coronavirus cases have been reported so far while globally the number has surged above 15 lakh. The Sensex was trading 800 points higher in early noon trade.
Foreign institutional investors (FIIs) on Wednesday bought equity shares worth ₹1,943 crore. The US dollar was flat against key