The rupee on Thursday plummeted to a three-month low of 63.32 against the dollar, on renewed demand for the American currency from banks and importers, amid foreign capital outflows.
It opened lower at 62.95 against the previous closing level of 62.83 at the interbank foreign exchange market, and dropped further to 63.34 before concluding at 63.32, a loss of 49 paise.
It had ended at 63.57 a dollar on January 6.
Renewed dollar demand from banks and importers in view of higher dollar overseas also affected the rupee value against the dollar, a forex dealer added.
Oil extended its gains in the Asian trade as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East.
The dollar index, a gauge of six major global rivals, was up by 0.03 per cent today.
In New York market, the dollar firmed up after a 6.1 percent jump in US home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates.
Meanwhile, the Indian benchmark sensex fell by 155.11 points or 0.56 per cent today.
