Rupee Touches 68.19; Hits Fresh 29 Month Low

Continuing the downward trend, the rupee slipped another 14 paise to a fresh 29-month low of 68.19 against the dollar on Thursday.

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The dip was supported by month-end demand from importers and banks amid a strengthening American currency overseas.

Forex dealers said increased demand for the dollar and a lower opening in the domestic equity market kept pressure on the rupee, reports PTI.

The rupee had shed 22 paise to close at a new 29-month low of 68.05 on Wednesday on sustained demand for the greenback from banks and importers amid a lower value overseas, it added.

Meanwhile, the benchmark BSE Sensex and Nifty were seen trading flat.

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