Reuters Market Eye - The rupee is trading at 61.23/24 versus Friday's close of 61.44/45.
The BSE Sensex is up 1.1 percent after the government removes diesel price control.
Government also raised gas prices on Saturday.
Traders expect the pair to remain in a 61.20 to 61.40 range.
The Bharatiya Janata Party's big gains in state elections raise expectations the government will step up the pace of economic reforms.
Gains in other Asians versus the dollar also hurt sentiment.
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(Reporting by Swati Bhat)
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