The rupee on Tuesday ended at the 32-month low of 50.67/68 falling further by 37 paise against the US currency due to persistent dollar demand from banks and importers amid weak equities.
Sustained dollar demand from banks and importers in view of the higher dollar in the New York market mainly affected the rupee value against the American currency, a dealer said.
The dollar extended gains against the euro in the New York market on Tuesday following reports that sale of five-year Italian government bonds came at the highest cost to the government since 1997.
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The rupee resumed lower at Rs 50.40/41 per dollar on the Interbank Foreign Exchange, as against its previous close of Rs 50.30/31 per dollar. It dropped further to Rs 50.74 per dollar before ending at 50.67/68 per dollar. Previously, it had ended at 50.70/71 on March 31, 2009.
The domestic currency hovered in a range of Rs 50.40 and Rs 50.74 during the day.