India's economic growth remained subdued at 4.7 percent in FY'14 and at 4.6 percent in the fourth quarter of 2013-14 which weighed on the rupee, forex dealers said.
However, a higher opening in the domestic equity market capped the fall, they added.
The rupee had lost eight paise to close at 59.11 against US dollar in its previous trading session on Friday on month-end demand of US currency from importers.
Meanwhile, the benchmark BSE Sensex rose 91.06 points, or 0.38 percent, to 24,308.40 in the morning trade on Monday.


Latest News  from Business News Desk