The Indian rupee depreciated to a record low of 74.50 in its initial trade on Friday following the persistent fears of the coronavirus outbreak and bear run in the global financial markets.
Its previous low was 74.48 which it had hit in October, 2018.
It had opened at 74.39, weaker by 17 paise from its previous close of 74.22.
However, the rupee has appreciated marginally from its lows and is currently trading at 74.09 per dollar.
With an aim to curb further weakness for the rupee, the Reserve Bank of India (RBI) on Thursday announced that it will undertake a six-month ‘sell/buy swap' to provide liquidity to the foreign market.
Central banks across the world, including the US Federal Reserve have taken steps including announcement of emergency rate cuts to boost investor sentiments.
Further, fall in crude oil prices also weighed on the rupee market. Brent crude is currently at $33.03, which is 0.6 per cent lower than its previous close.
LS poll battle: Only 9.83 pc candidates are women in NE states
Like previous Parliamentary elections, there are very few women candidates contesting in the 18th Lok Sabha elections in the six northeastern states, where filing of nominations were completed.
Tripura to go for 1st phase LS Poll on April 19; poll materials dispersed from Agartala amid tight security cover
More than 10,000 polling personnel, accompanied by police personnel, have begun transporting EVMs and other polling materials from Agartala Umakanta Academy to their assigned polling stations.
Multi-cornered contest in 15 NE seats going to polls in 1st phase on Friday
A multi-cornered contest will be witnessed in 15 Lok Sabha seats in the eight northeastern states as the first phase of the 7-phase parliamentary elections is held on Friday.
CM Arvind Kejriwal eating mangoes, sweets to raise blood sugar level: ED tells Delhi court
The Enforcement Directorate (ED) on Thursday said in a Delhi court that Chief Minister Arvind Kejriwal was deliberately eating mangoes and other high-carb food to raise his blood sugar level to build a case for bail.
In Kerala rally, Rajnath Singh takes dig at Cong’s ‘Rahulyaan’, hurls ‘migration’ charge
Union Minister Rajnath Singh, while campaigning for BJP in Kerala’s Kottayam district on Thursday, took a dig at Congress leader Rahul Gandhi and said that ‘Rahulyaan’ is neither getting launched nor finding a suitable landing.
From Bihar to Punjab, how labourers turned into sharpshooters for Lawrence Bishnoi syndicate
Instead of solely targeting aspiring talents, the Bishnoi gang has now begun luring unsuspecting labourers with the promise of lucrative payouts.
PM Modi took decisive steps to bring peace in Northeast: BJP chief Nadda
BJP President J. P. Nadda has asserted that Prime Minister Narendra Modi took decisive steps to bring peace in the Bodoland area of Assam by signing the Bodo peace accord.
Bitcoin scam case: ED attaches assets worth over Rs 97 cr of Raj Kundra, Shilpa Shetty
The attached properties include a residential flat in Juhu, which is in the name of Shilpa Shetty, another residential bungalow in Pune and equity shares in Raj Kundra's name.