Rupee at 19-mth low; down 30 paise against US dollar

DN Bureau

The rupee plunged by 30 paise to hit a 19-month low of 68.54 against the US dollar. BSE Sensex rose by 53.85 points, or 0.15 per cent, to 35,543.89.

Representational image
Representational image

Mumbai: The rupee plunged by 30 paise to hit a 19-month low of 68.54 against the US dollar in early trade today on strong month-end dollar demand from importers and banks amid sustained foreign capital outflows.

This is the rupee's lowest level against the greenback since November 29, 2016. 

Also Read: Vijay Mallya: I've become poster boy of bank default

Yesterday, the rupee lost 11 paise to end at 68.24 against the US currency.

Meanwhile, the benchmark BSE Sensex rose by 53.85 points, or 0.15 per cent, to 35,543.89 in opening trade today. (PTI)

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