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.