Forex dealers said fresh demand for the American currency ahead of the interim Budget for 2014-15 mainly put pressure on the rupee but a higher opening in the domestic equity market and the dollar's weakness against other currencies overseas, capped the rupee's fall.
The rupee bounced back by 49 paise to close at a three-week high of 61.93 against the US dollar in the previous session on Friday, tracking a smart rise in stocks after wholesale inflation fell to an eight-month low.
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