The rupee closed at 76.20 a dollar, down from its previous close of 75.20 a dollar
Meanwhile, all central banks including RBI are trying to reduce the risk and address the liquidity crunch. However, the increasing number of coronavirus cases in India will keep the rupee on an edge.
The new coronavirus outbreak can now be described as a pandemic, the head of the World Health Organization announced Wednesday.
Index movement and the weighting are calculated on free-float market capitalisation of individual index stocks. Free float is the portion of the shares owned by non-promoters
Analysts expect the renewed geopolitical worries to remain for a couple of days, lending support to the crude oil price and taking a toll on emerging market currencies, including the rupee
Silver prices also gained by Rs 21 to Rs 47,781 per kg, compared to Rs 47,760 per kg in the previous trade
The rupee had closed the 2018 year at 69.77 to the US dollar
The domestic unit on Tuesday settled 13 paise higher at 71.71
The rupee on Monday slipped 19 paise to a near one-month low of 71.47 as fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy.
After falling nearly 9 per cent in 2018, the Indian currency has shed another 4 per cent this year to touch a 2019 trough of 72.40 per dollar on Sept 3
The domestic unit on Wednesday snapped its three-session winning streak to end at 70.97, down 28 paise.
The domestic currency on Tuesday dived 31 paise to end at a nearly one-month low of 71.54 due to heavy dollar buying amid fresh concerns over the progress of China-US trade talks.
The domestic unit gave up most of its losses to close down by 3 paise at 71.80 on Thursday.
In the calendar year 2019, Infosys has outperformed the market by surging 22 per cent as compared to a 4 per cent rise in the Sensex and 12 per cent gain in the S&P BSE Information Technology index.
The domestic currency on Thursday crashed to an over eight-month low of 71.81, dropping 26 paise as tumbling equities and incessant foreign fund outflows weighed on sentiment.
Also, the sudden drop in Chinese yuan led to increased volatility in emerging market currencies, including the rupee
FPIs have turned negative and the budgetary announcement on tax surcharge has been a factor that has restricted their activity
The domestic currency on Tuesday furthered its loss by another 28 paise to close at a new six-month low of 71.71 as economic uncertainties continued to weigh.
Meanwhile, higher crude oil prices also had its impact on rupee's trading pattern
The domestic unit on Tuesday pared most of its initial losses and closed with a marginal 2 paise drop at 68.94 amid strengthening of the dollar against major currencies.