The rupee on Monday depreciated 13 paise to end at 67.20 against the US dollar owing to sustained demand for the greenback from banks and importers.
Sluggish local equities also put more pressure on the domestic unit despite weak dollar overseas.
Trading sentiment was by and large tepid as traders refrained from taking any fresh positions as they anxiously await the announcement of the next RBI Governor, a forex dealer said.
The rupee had dropped 16 paise to 67.07 on last Friday.