<p>The Indian currency fell 32 paise to 75.21 against the US dollar in opening trade on Monday, as investors braced for a prolonged period of uncertainty as coronavirus-induced lockdowns tightened across the world and in India.</p>.<p>Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown.</p>.<p>The rupee opened weak at 75.17 at the interbank forex market and then fell further to 75.21, down 32 paise over its last close.</p>.<p>The rupee had settled at 74.89 against the US dollar on Friday.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-india-news-live-updates-statewise-total-number-of-cases-deaths-statistics-lockdown-latest-news-817763.html"><strong>For latest updates on coronavirus outbreak, click here</strong></a></p>.<p>According to Reliance Securities, rupee could track weak regional equities which resumed their fall this Monday morning after the number of coronavirus infections surged around the world.</p>.<p>"However, we believe that RBI could be present to intervene to curb excess volatility. Technically, USDINR spot is expected to remain in the range of 74.70-75.70 levels," it noted.</p>.<p>The number of deaths around the world linked to the new coronavirus has touched nearly 34,000. In India, the tally of confirmed coronavirus cases crossed the 1,000-mark.</p>.<p>Brent crude futures, the global oil benchmark, fell 6.22 per cent to USD 23.38 per barrel.</p>.<p>Foreign institutional investors (FIIs) remained net buyers in the capital markets, as they purchased shares worth Rs 355.78 crore on Friday, as per provisional data.</p>.<p>Domestic bourses opened on a negative note with benchmark indices Sensex trading 771.92 points down at 29,043.67 and Nifty down 237.60 points at 8,422.65.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.34 per cent to 98.69.</p>.<p>The 10-year government bond yield was at 6.12 per cent in morning trade. </p>
<p>The Indian currency fell 32 paise to 75.21 against the US dollar in opening trade on Monday, as investors braced for a prolonged period of uncertainty as coronavirus-induced lockdowns tightened across the world and in India.</p>.<p>Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown.</p>.<p>The rupee opened weak at 75.17 at the interbank forex market and then fell further to 75.21, down 32 paise over its last close.</p>.<p>The rupee had settled at 74.89 against the US dollar on Friday.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-india-news-live-updates-statewise-total-number-of-cases-deaths-statistics-lockdown-latest-news-817763.html"><strong>For latest updates on coronavirus outbreak, click here</strong></a></p>.<p>According to Reliance Securities, rupee could track weak regional equities which resumed their fall this Monday morning after the number of coronavirus infections surged around the world.</p>.<p>"However, we believe that RBI could be present to intervene to curb excess volatility. Technically, USDINR spot is expected to remain in the range of 74.70-75.70 levels," it noted.</p>.<p>The number of deaths around the world linked to the new coronavirus has touched nearly 34,000. In India, the tally of confirmed coronavirus cases crossed the 1,000-mark.</p>.<p>Brent crude futures, the global oil benchmark, fell 6.22 per cent to USD 23.38 per barrel.</p>.<p>Foreign institutional investors (FIIs) remained net buyers in the capital markets, as they purchased shares worth Rs 355.78 crore on Friday, as per provisional data.</p>.<p>Domestic bourses opened on a negative note with benchmark indices Sensex trading 771.92 points down at 29,043.67 and Nifty down 237.60 points at 8,422.65.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.34 per cent to 98.69.</p>.<p>The 10-year government bond yield was at 6.12 per cent in morning trade. </p>