In choppy trade in line with local equities, the rupee on Monday closed lower by three paise at 60.11 against the dollar.

A weak dollar overseas weighed against the rupee, while continued capital inflows kept the fall under control, a forex dealer said.

At the Interbank Foreign Exchange (Forex) market, the local unit resumed strong at 59.90 a dollar from last weekend’s close of 60.08.

It improved further to a high of 59.78 on initial firmness in domestic stocks.

It later turned negative in tandem with fall in local equities and touched a low of 60.24, before settling at 60.11, showing a fall of three paise from weekend close.

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