The rupee fell by 19 paise to a 26-month low of 66.76 against the dollar on Friday. Experts said the month-end demand for the dollar from importers and some banks caused the dip. The domestic currency opened at 66.66 on Friday, lower than Thursday’s closing of 66.57. During the day, it fell to its lowest point in more than two years, at 66.89, but stabilised a bit later on to end 13 paise higher.

The Indian currency has now fallen by 44 paise in the last two days. Investors have been expecting the United State Federal Reserve to raise short-term rates in December, which has been putting pressure of several domestic indices. In September 2013, the rupee touched 67.07.