The rupee plummeted 39 paise to 67.36 in the evening trade due to appreciation of the American currency overseas amid foreign fund outflows.
Forex dealers said sustained demand for the greenback from importers and banks as well as a weak equity market also put pressure on the rupee.
The dollar rose to a three-week high against the euro and a basket of currencies on Wednesday on renewed expectations that the Federal Reserve could raise interest rates soon.
The dollar index was up 0.4 per cent at 94.897, its highest level since April 25.
In early trade, the rupee fell 18 paise against the US dollar to 67.15, its weakest level since March, against the previous close of 66.97.
It further fell to 67.39 before quoting at 67.36 at 4.40 pm local time.
The rupee hovered in a range of 67.39 and 67.13 in the evening trade.
Meanwhile, the benchmark BSE Sensex ended down 304.89 points or 1.19 per cent at 25,399.72..
Source :.thehindubusinessline.com
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