MUMBAI: The Indian rupee opened on a cautious note and fell 28 paise to 71.35 against the US dollar in early trade on Thursday.
At the Interbank Foreign Exchange, the rupee opened at 71.22 then fell to 71.35 against the US dollar, showing a decline of 28 paise over its previous closing.
On Tuesday, the Indian rupee had closed at 71.07 against the US dollar.
On Wednesday, the Forex market was closed on account of Mahatma Gandhi Jayanti.
Meanwhile, Brent crude futures, the global oil benchmark, rose 0.03 per cent to USD 57.71 per barrel.
As per provisional data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 1,298.56 crore on Tuesday.
On Thursday, Domestic bourses opened on a negative note with benchmark indices Sensex trading 112.27 points down at 38,193.14 and Nifty lower by 43 points at 11,316.90.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.02 per cent to 99.04.
The 10-year government bond yield was at 6.62 per cent in morning trade.
With inputs from PTI