Rupee Falls By 30 Paise To 76.83 Against Dollar Amid Coronavirus Fears

Mumbai: The Indian rupee settled for the day lower by 30 paise at 76.83 (provisional) against the US dollar on Tuesday, tracking weak domestic equities and strengthening of the US dollar overseas.

Forex traders said the decline in the rupee was largely due to a sharp drop in oil prices and stronger greenback which edged higher past the 100 level mark.

The rupee opened weak at 76.79 at the interbank forex market and during the day lost further ground and finally settled at 76.83, down 30 paise over its last close.