Rupee Closes Flat After Swinging Heavily Amid Coronavirus Uncertainty

The rupee witnessed another volatile day before closing flat at 73.19 against the US currency on Wednesday as increasing number of coronavirus cases in India kept investors on edge despite a rate cut by the US Federal Reserve. The currency had opened strong and raced to a high of 72.90 to the US dollar in early trade following weakness in the US currency after the rate cut by the US Fed.