Forex dealers said that increased demand for the American currency ahead of the RBI's policy review on Tuesday and a weak opening in the domestic equity put pressure on the rupee but dollar's weakness against other currencies in the global market capped the fall.
    
The domestic currency had gained seven paise to close at one-month high of 59.04 against the dollar on Friday as the RBI's liquidity-tightening measures continued to lend support.
    
Meanwhile, the BSE benchmark Sensex fell 39.37 points, or 0.19 percent, at 19,708.82 in the morning trade on Monday.

(Agencies)

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