Home National News Rupee Hits Record Low Amidst Coronavirus Pandemic

Rupee Hits Record Low Amidst Coronavirus Pandemic

Rupee Hits Record Low Amidst Coronavirus Pandemic

On Friday, the Indian rupee has dropped to a record low, among the coronavirus outbreak that killed 4,291 and infected 118,000 with Covid-19 in 114 countries, all around the world. On Friday, the World Health Organization (WHO) has also declared the Coronavirus outbreak a pandemic.

Worries over the coronavirus pandemic have now provoked investors to stop making any investment on riskier assets and to move in the direction of safe ports.

The dollar, on the other hand, stood high on Friday as stockholders scrambled for the most liquid currency of the world among extending panic while the euro tended losses after the European Central Bank disappointed by not cutting the rates.

The partially convertible rupee at the same time has also dropped to a record low of 74.5075 against the dollar in advance of improving a little to trade at 74.4445 by 0355 GMT.

In the meantime, the traders expect the central bank to step in to stop any additional sharp falls in the currency but don’t see it shielding the rupee at any specific level.

Coronavirus In India Updates

On 11th March 2020, the World Health Organization (WHO) has declared the coronavirus outbreak – a pandemic. The advice to all the countries as well as individuals by WHO is to fight against this new virus, there is a great need for nations for taking instant and speedy actions and scale up the response to treatment, detect as well as decrease transmission for saving the lives of people.

Right now, there is the total number of 81 cases of Novel Coronavirus Disease (COVID-19) that have been reported in India, as of 13 March. Out of these, 64 are Indian nationals and 17 are foreign nationals; and as of now, total 3 were cured and 1 death has been reported.

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Talking about all the Coronavirus cases (in India) in detail, so far, there are a total of 81 cases of COVID-19, out of which 13 have been reported from States/UTs – Delhi (6 cases), Haryana (14 cases), Kerala (19 cases), Rajasthan (3 cases), Punjab (1 case), Telangana (1 case), Tamil Nadu (1 case), Jammu & Kashmir (1 case), Karnataka (6 cases), Uttar Pradesh (11 cases), Ladakh (3 cases), Maharashtra (14 cases) as well as Andhra Pradesh (1 case).

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However, there was no death report so far, but today only, a 76-year-old male with co-morbidity from Karnataka was reported dead due to this virus. He had a history of traveling to Saudi Arabia in February 2020.

In the meantime, Hospital isolation of all the confirmed cases has been tracing as well as home isolation of the contacts is on-going.

In the wake of increasing cases of Coronavirus cases in India, the Indian government on Friday has also imposed strict travel restrictions by suspending all the visas to India as the World Health Organization (WHO).

Several other measures have been also taken by the Central Ministries together with States/UTs to strengthened community observation, isolation facilities, isolation wards, sufficient PPEs, trained manpower, among many other measures.

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Naman Dhyani
Naman Dhyanihttps://esxnews.com/
Naman is a dedicated writer who is always ready to take new challenges to enhance his quality of work and efficiency. He loves to explore things until he reaches the source. He believes that his fingers are destined for the keyboard and his heart solely for the readers.
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