Reportedly indian rupee resumed its downward journey after a day's hiatus on friday, plummeting by 46 paise to 73.79 (provisional) against the US dollar as coronavirus-panicked investors kept assessing deteriorating financial markets.
At the interbank foreign exchange, the domestic currency started the session with a massive plunge at 73.94 to the US dollar. It went on to hit a day's low of 74.08 before staging a recovery. The rupee finally settled with a loss of 46 paise at 73.79 a dollar. The indian unit had clocked its first gain after falling for five sessions on Thursday.
Global crude oil benchmark Brent Futures dropped 4.30 per cent to USD 48.02 per barrel. oil prices extended losses on reports that russia wants to delay deeper output cuts recommended by its OPEC allies. The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.86 per cent to 95.98.
