Rupee trades at 68 vs dollar, over 28-month low at 67.95

The Indian rupee fell 30 paise to 67.95 against dollar, trading over 28-month low.

The Indian rupee saw the downtrend due to strong demand for the American unit from importers and banks amid a lower opening in the domestic equity market.

Also, sustained capital outflows weighed on the domestic unit.

The rupee had closed three paise higher at 67.65 against the US currency in yesterday's trade on fresh selling of dollars by banks and exporters amidst a recovery in equities.

Meanwhile, the benchmark BSE Sensex plunged 412.95 points, or 1.69 per cent to 24,066.89 in early trade.