Rupee dived to a five-year low on Monday, as weak local and global stocks and month-end dollar demand from oil firms dragged heavily while intervention by state-run banks offered little respite.

Rupee ended at 46.95/96 per dollar, off an intraday trough of 47.11, which was its lowest since June 2, 2003, and 0.9 percent weaker than 46.545/555 at the close on Friday.