The rupee shrugged off a stock market rally to give up early gains as the euro eyed a nine-month low against the dollar and crude oil, the country's biggest import, hovered around record highs, dealers said.
The partly convertible rupee, which analysts say is overvalued by nearly 8 percent on a trade weighted basis, ended at 43.5800/5850 per dollar, weaker than Friday's close of 43.56/5650.