Traders said there is a sense of anxiety among investors as they see the global, as well as the domestic economy, plunging into a deep crisis due to coronavirus pandemic.
The BSE Sensex crashed about 770 points and the NSE Nifty dived over 225 points after investors indulged in panic selloffs after government data reported 5 per cent GDP growth.
Traders said cautious opening in domestic equities, strengthening of the American unit vis-a-vis other currencies overseas, rising crude oil prices and foreign fund outflows weighed on the local unit.
In a highly volatile trade, the rupee opened at 70.20 at the interbank forex market and touched a low of 70.59 and a high of 70.18 against the American currency.
