<p>The Indian rupee fell by another 16 paise to 74.44 against the US dollar as financial markets around the globe continued to feel jitters of coronavirus pandemic.</p>.<p>A day earlier, the Indian currency had tumbled by 60 paise to close at a new 17-month low of 74.28 amid coronavirus pandemic fanning global economic recession fears.</p>.<p>Meanwhile, the global crude oil benchmark Brent Futures fell 0.87 per cent to trade at USD 32.93 per barrel.</p>.<p>A sense of anxiety among investors has developed as they see the global economy is plunging into a deep crisis due to coronavirus pandemic that has killed about 5,000 and sickened lakhs of people around the globe, analysts said.</p>.<p>Amid the heavy rush for the US dollar in forex markets, the Reserve Bank announced liquidity measures such as buy-sell swap of USD 2 billion to increase dollar availability with banks and ease pressure on rupee.</p>.<p>In the current month so far, FPIs have pulled out a whopping Rs 33,163 crore (USD 4.46 billion) from Indian capital markets.</p>.<p>Meanwhile, the Indian equity market saw another tumultuous opening session for a second day on Friday, with the benchmark Sensex plunging over 3,000 points to trade below the psychological 30,000 level; while the NSE gauge Nifty crashed nearly 1,000 points to dip below the 9,000 mark.</p>.<p>Indian bourses halted trading for 45 minutes during the early session after both the benchmark indices Sensex and Nifty hit their lower circuit limits.</p>
<p>The Indian rupee fell by another 16 paise to 74.44 against the US dollar as financial markets around the globe continued to feel jitters of coronavirus pandemic.</p>.<p>A day earlier, the Indian currency had tumbled by 60 paise to close at a new 17-month low of 74.28 amid coronavirus pandemic fanning global economic recession fears.</p>.<p>Meanwhile, the global crude oil benchmark Brent Futures fell 0.87 per cent to trade at USD 32.93 per barrel.</p>.<p>A sense of anxiety among investors has developed as they see the global economy is plunging into a deep crisis due to coronavirus pandemic that has killed about 5,000 and sickened lakhs of people around the globe, analysts said.</p>.<p>Amid the heavy rush for the US dollar in forex markets, the Reserve Bank announced liquidity measures such as buy-sell swap of USD 2 billion to increase dollar availability with banks and ease pressure on rupee.</p>.<p>In the current month so far, FPIs have pulled out a whopping Rs 33,163 crore (USD 4.46 billion) from Indian capital markets.</p>.<p>Meanwhile, the Indian equity market saw another tumultuous opening session for a second day on Friday, with the benchmark Sensex plunging over 3,000 points to trade below the psychological 30,000 level; while the NSE gauge Nifty crashed nearly 1,000 points to dip below the 9,000 mark.</p>.<p>Indian bourses halted trading for 45 minutes during the early session after both the benchmark indices Sensex and Nifty hit their lower circuit limits.</p>