The rupee on Thursday plummeted 45 paise to end at an over 29-month low of 68.30 to the dollar on fresh demand for the US currency from banks and importers in view of the sharp fall in equities amid foreign capital outflows.
The domestic unit resumed lower at 67.95 as against Wednesday’s closing of 67.85 at the forex market and fell further to 68.34 before finishing at 68.30, showing a loss of 0.66 per cent.
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.