The rupee on Monday dropped by 15 paise to end at a fresh 30-month low of 68.61 to the United States dollar. The drop was attributed to a renewed demand for the American currency from banks and importers amidst sustained foreign capital outflows, reported PTI. Even the persistent rise in equity market failed to restrict the rupee’s fall, a forex dealer said.

The Indian currency resumed lower at 68.60 as against last Thursday’s closing level of 68.46, and dropped to 68.70 per dollar before rising by nine paise at the end. It hovered in the range of 68.70 and 68.50 during the day. The rupee had hit its all-time closing low of 68.80 per dollar on August 28, 2013 after plunging to 68.85 in the intra-day trade.