The rupee on Monday fell by 40 paise to 59.67 in early trade on the Interbank Foreign Exchange market, on fresh dollar demand.

Forex dealers said besides dollar gaining against other currencies in the global markets, a lower opening in the domestic equity market also influenced the rupee.

The rupee had gained 30 paise to close at 59.27 against the dollar on Friday.

The BSE benchmark Sensex fell by 130.56 points, or 0.70 per cent, to 18,643.68 in early trade.

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