Reuters Market Eye - The rupee is trading at 62.0975 vs Friday's close of 62.0250/0350.
The Indian unit recovers early losses after falling a multi-month low of 62.25.
Shares lend support as Nifty strikes another all-time high before trading flat.
Caution seen a day ahead of the RBI's policy review.
Asian currencies trade weaker on plunging oil prices and broad dollar strength.
Dollar tops 119 yen to its highest since July 2007.
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(Reporting by Gaurav Pai)
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