The rupee on Monday fell by 37 paise to close at nearly three-month low of 51.67/68 against the U.S. currency following heavy dollar demand from importers and some banks amid strong dollar overseas.

At the inter-bank foreign exchange market, the rupee opened lower at 51.61/62 from the last close of 51.30/31.

It dropped further to 51.75 before ending at 51.67/68. — PTI