<p class="title">The rupee plunged by 30 paise to hit a 19-month low of 68.54 against the US dollar in early trade on Wednesday on strong month-end dollar demand from importers and banks amid sustained foreign capital outflows.</p>.<p class="bodytext">This is the rupee's lowest level against the greenback since November 29, 2016.</p>.<p class="bodytext">The dollar's strength against some currencies overseas weighed on the local unit but a higher opening of the domestic equity markets capped the losses, traders said.</p>.<p class="bodytext">Foreign portfolio investors (FPIs) sold shares worth Rs 538.40 crore yesterday, as per provisional data issued by the stock exchanges.</p>.<p class="bodytext">Yesterday, the rupee lost 11 paise to end at 68.24 against the US currency.</p>.<p class="bodytext">Meanwhile, the benchmark BSE Sensex rose by 53.85 points, or 0.15 per cent, to 35,543.89 in opening trade.</p>
<p class="title">The rupee plunged by 30 paise to hit a 19-month low of 68.54 against the US dollar in early trade on Wednesday on strong month-end dollar demand from importers and banks amid sustained foreign capital outflows.</p>.<p class="bodytext">This is the rupee's lowest level against the greenback since November 29, 2016.</p>.<p class="bodytext">The dollar's strength against some currencies overseas weighed on the local unit but a higher opening of the domestic equity markets capped the losses, traders said.</p>.<p class="bodytext">Foreign portfolio investors (FPIs) sold shares worth Rs 538.40 crore yesterday, as per provisional data issued by the stock exchanges.</p>.<p class="bodytext">Yesterday, the rupee lost 11 paise to end at 68.24 against the US currency.</p>.<p class="bodytext">Meanwhile, the benchmark BSE Sensex rose by 53.85 points, or 0.15 per cent, to 35,543.89 in opening trade.</p>