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Hit by global economic woes, the rupee on Thursday extended its losses by seven paise to close above the 68-mark, a fresh 29-month low against the US dollar, on sustained demand for the American currency from importers and banks amid fall in equities.
Persistent foreign capital outflows also affected the market sentiment, a forex dealer said.
The domestic unit resumed stronger at 67.88 a dollar as against Wednesday’s closing level of 67.95. Later, it fell to 68.11 before ending at a 29-month low of 68.02 to a dollar, showing a further loss of 7 paise or 0.10 per cent.
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