At 48.99/49.00 per dollar
Rupee dropped more than 1.5 percent on Monday, falling to 49 per dollar for the first time in a month after a sharp fall in local shares and as hefty gains in the dollar versus higher-yielding currencies weighed.
Rupee was at 48.99/49.00 per dollar, its lowest since July 13 and 1.55 percent below its Friday's close of 48.24/25