(Bloomberg) — The Indian rupee slid to near a record low and equities headed for a bear market as continued worries over the economic impact from the coronavirus sparked a broad selloff in risk assets globally.The rupee weakened as much as 1% to 74.3387 per dollar on Thursday to near its record low of 74.4825, a level last seen in October 2018. Sovereign bonds declined and the S&P BSE Sensex gauge of equities plunged as much as 7.6%, the steepest drop since January 2009.The rupee is Asia’s worst-performing currency this month and stocks are down almost 20% from the January …read more
Source:: Yahoo Finance
