Forex dealers said that besides fresh demand from importers for the American unit, a lower opening in the domestic equity market as well as decline in industrial production growth to 4-month low of 0.5 percent in July, put pressure on the rupee.
However, the dollar's gain against the euro overseas, capped the losses, they said.
The rupee had gained 28 paise, notching up its best daily gain in a month, to end strong at 60.65 against the Greenback in the previous session on Friday on heavy dollar selling by banks and exporters amid positive cues from equity markets.     

Meanwhile, the benchmark BSE Sensex dipped below the 27,000-mark by falling 185.55 points, or 0.69 percent, to 26,875.49 in the morning trade on Monday.

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