Forex dealers said a lower opening of the domestic equity market also weighed, but dollar's weakness against other currencies capped the losses.

The rupee had surged 79 paise -- its biggest single-day gain so far this year -- to settle at the one-month high of 65.67 on Friday following heavy selling of the greenback after worries over US interest rate hike abated.

Meanwhile, the benchmark BSE Sensex dipped below the 26,000-mark by slumping 220.24 points, or 0.84 per cent, to 25,998.67 in morning trade.



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