The rupee fell for the first session in four on Monday on the back of dollar demand from oil importers and caution ahead of the RBI's policy review that may give cues about its stance after recent measures to defend the currency.
The rupee has strengthened to as much as 58.69 since the RBI first unveiled its measures on July 15, but has never closed below 59 since then, and still remains within sight of a record low of 61.21 hit earlier this month.
The partially convertible rupee closed at 59.4150/4250 per dollar compared with 59.04/05 on Friday.
Deccan Herald is on WhatsApp Channels| Join now for Breaking News & Editor's Picks