Snapping its two-day winning spree, the rupee tumbled 31 paise to a 29-month low of 68.38 a dollar, on renewed demand for the US currency from banks and importers in view of strong foreign capital outflows.
Sharp fall in domestic stock market also affected the rupee sentiment. The rupee resumed lower at 68.13 to a dollar against Monday’s close of 68.07 at the Interbank Foreign Exchange (Forex) market and finished 0.46 per cent lower.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.