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Corona Pandemic Tremors are affecting on Investors

April 19, 2021 12:04 PM

Corona Pandemic Tremors are affecting on Investors
Corona Pandemic Tremors are affecting on Investors, At the Interbank Foreign Exchange (Forex) market, the rupee depreciated by 52 paise to 74.87 a dollar.

Fears of uncertainty in the economy haunt them at a time when corona positive cases are rising day by day at record levels. Against this background a huge sell-off was seen in the equity market. Corona Pandemic Tremors are affecting on Investors.

As a result, the Sensex fell 1400 points to fall below 48,000. The rupee also wrapped up heavy losses in the forex market. Brent crude futures fell 0.37 percent to $ 66.52 a barrel. (Corona vibrations on Dalal Street)

Also Read: Exports by STPI units seen at Rs 5 lakh cr in pandemic-hit FY21

Corona Pandemic Tremors are affecting on Investors, At the Interbank Foreign Exchange (Forex) market, the rupee depreciated by 52 paise to 74.87 a dollar. The rupee settled at 74.35 on Friday. The dollar index was up 0.10 percent at 91.64. On the other hand, oil prices are weakening in the global market.

Meanwhile, the number of daily cases of the corona epidemic, which is on the rise in the country, is approaching the three lakh mark. For the fifth day in a row, not less than two and a half lakh new cases are being registered. Another 2,73,810 people were infected with the corona in the past 24 hours, while 1619 died of the corona in the past 24 hours.

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