A weakening dollar against other currencies overseas supported the rupee.
A massive outflows of foreign funds on the back of stricter participatory notes and renewed possibility of Fed lifting US interest rates largely impacted the domestic unit.
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
The rupee had recovered from its 29-month lows by rising 39 paise to close at 67.63 on Friday.
The rupee briefly touched 66.78 in late afternoon trade due to stray dollar buying by some banks.
The rupee on Monday plunged to a two-week low of 66.61 by falling 47 paise against the US dollar on heavy demand for the American currency from importers.
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RIL with a market cap of Rs 2,98,776 crore (Rs 2,987.76 billion) is the country's second most valued company after Tata Consultancy Services.
The gains were capped due to month-end dollar demand from importers, mainly oil firms
India's foreign exchange reserves declined by a whopping $4.343 billion to $367.646 billion.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
RBI governor Raghuram Rajan, on Monday, said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits"
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