Rupee falls, Sensex crashes 807 pts due to Coronavirus

The rupee, meanwhile, fell by 34 paise to close at more than three-month low of 71.98 against the US dollar, tracking heavy selling in domestic equities and strengthening of the US currency in the overseas market.

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As coronavirus (COVID-19) cases spread across the world, Sensex plunged nearly 807 points.

The 30-share Sensex settled at 40,363.23, dropping 806.89 points or 1.96 per cent, the second biggest one-day fall in 2020, as bourses from Seoul to Hong Kong fell on worries over the impact of the virus on human lives and the economy.

The broader NSE Nifty fell 251.45 points or 2.08 per cent to 11,829.40 after markets were caught in a panic-selling mode as investors turned nervous over a large number of new virus cases in South Korea, Italy and Iran.

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