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Rupee remains under pressure against US dollar, a day after hitting record low

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Indian rupee today weakened against the US dollar amid a sharp decline in domestic equity markets. The rupee fell to 76.43 at day's low after opening at 76.28.

In comparison, the rupee had closed at 76.29 in the previous session after hitting a record low of 76.55 during the session.

India is likely to extend the 21-day nation-wide lockdown to check the spread of coronavirus. Already, a few states have announced an extension of the lockdown.

Forex market was closed on April 10 on account of Good Friday. Analysts say that risk appetite remains weak due to uncertainty over the economic outlook amid coronavirus outbreak.

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