COVID-19 Hits Stocks: Rupee At Record Low, Rs 11.3 Trillion Gone

If you invest right at this time, you could make some big gains. But as of now, the stock market looks worrisome.

The C-word continues to keep us on edge as India recorded its first coronavirus-related death while the worldwide death toll exceeded 4,500, sending governments into a tizzy, resulting in travel bans, cancellation and deferment of events and summits, and triggering a bloodbath in stock markets.

The rupee hit a record low of 74.5 against the US dollar, and is set to go even lower, past 75. A market crash on Thursday, 12 March, wiped off Rs 11.28 lakh crore of investors’ money from the Bombay Stock Exchange, and share markets the world over witnessed heavy losses.