Rupee hits new record low of 76.82/$

Gallery

MORE...

Sports

Hockey India names core probable group for senior men's national camp

Hockey India has announced a 54-member core probable squad for the upcoming senior men’s

Satwik-Chirag return as BAI names 14-strong squad for BWF Sudirman Cup Finals 2025

Men’s Sr Hockey Nationals to be played in division-based format from April 4

Mensik denies Djokovic 100th title in Miami final

KIPG: Son of a vegetable vendor, Bihar’s Jhandu Kumar eyes Worlds, 2028 Paralympics

Hardik Singh credits hard work and team unity for receiving HI Midfielder of the Year award

MORE...

Rupee hits new record low of 76.82/$

Last Updated : 16 Apr 2020 02:30:51 PM IST

Indian currency

The Indian currency continued to tumble on Thursday as it touched a fresh all-time low of 76.82 per dollar.

Currently, rupee is trading around 76.72 per dollar, weaker by 0.36 per cent from its previous close.

According to analysts, the weakening of the rupee came on the backdrop of broader strengthening of the greenback and subdued equity markets.

Equity and currency markets are subdued due to the bleak economic outlook both for India and the global economy amid the coronavirus pandemic

International Monetary Fund's World Economic Outlook (WEO) report recently released by Chief Economist Gita Gopinath expects presents a dark picture of the world with the global economy shrinking by 3 per cent this year.

Further, with the extension of the nationwide lockdown till May 3, a Barclays report has projected that India's GDP will stagnate and not grow at all during the calendar year 2020.

On Thursday, the BSE Sensex opened in the red and is currently trading at 30,284.81, lower by 95 points or 0.31 per cent. The NSE Nifty50 was at 8,897.40, lower by 27.90 points or 0.31 per cent from its previous close.