Indian Rupee ends at fresh 30-month low of 68.61 Monday Feb 22,2016

The Indian Rupee on Monday Feb 22,2016 dropped by 15 paise to end at a fresh 30-month low of 68.61 a dollar on renewed demand for the American currency from banks and importers on the back of higher greenback overseas amidst sustained foreign capital outflows.

The Indian Rupeeresumed lower at 68.60 as against last Thursday’s closing level of 68.46 at the Inter-bank Foreign Exchange (Fore) market and dropped to 68.70 a dollar before concluding at fresh 30-month low at 68.61, a loss of 15 paise or 0.22 per cent.

It hovered in a range of 68.70 and 68.50 during the day.

The Indian Rupee had hit its all-time closing low of 68.80 per dollar on August 28, 2013 after plunging to 68.85-marks on the same day in the intra-day trade.