USD vs INR, March 30 -- The Indian rupee fell to a fresh all-time low on Monday, reversing early gains, as fundamentals remained skewed against the currency.

The rupee weakened past the 95 per dollar mark for the first time to 95.20 per dollar, down 0.3% on the day. It had opened over 1% higher after the Reserve Bank of India's (RBI) decision to tighten limits on banks' FX positions; however, the relief proved to be short-lived.

So far in March, the domestic unit has declined more than 4% as of Friday, putting it on track for its worst monthly performance in seven years.

A Reuters report revealed that the RBI's move to impose fresh limits on banks' onshore positions late on Friday prompted lenders to unwind dollar holdings in the domes...