 "Rupee at 1-1/2 month low as state-run banks buy dollars")
The rupee fell to as low as 60.4775 against the dollar, its lowest since June 18.
The Indian unit was last trading at 60.4550/46 versus its previous close of 60.06/07.
Dealers cited outflows of around $250 million, with state-run lenders buying dollars for corporates, and talk of dollar purchases for defence-related payments.