399: COVID-19 Hits Stocks: Rupee At Record Low, Rs 11.3 Trillion Gone In One Day - a podcast by The Quint

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 ban, 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.

The Indian stock market has been pummelled by coronavirus restrictions, the YES bank crisis, and falling oil prices.

So why has India’s stock market been hit so bad? How can you and I approach investments right now? And is this a good time to invest and make money?