The impact of Corona virus spread badly affected the Indian economy as the rupee fell down by 82 paise to hit 74.50 against US Dollar in the early trade.
On the other hand domestic stock markets plunged in to a 30-month low as the benchmark index Nifty 50 slid below the 10,000 mark tracking global markets. Those losses came after the World Health Organization (WHO) declared today that the new coronavirus (COVID-19) a pandemic, and expressed deep concern over the “alarming levels of inaction”.Forex traders said market participants turned jittery amid mounting fears of a coronavirus-led economic slowdown. The rupee had settled at 73.68 against the US dollar on Wednesday.
