MUMBAI: The rupee opened on a weak note and fell 12 paise to 70.93 against the US dollar in early trade on Wednesday.
At the Interbank Foreign Exchange, the rupee opened weak at 70.92 then fell to 70.93 against the US dollar, showing a decline of 12 paise over its previous closing.
On Tuesday, the Indian rupee had closed at 70.81 against the US dollar.
Meanwhile, brent crude futures, the global oil benchmark, fell 0.10 per cent to USD 58.88 per barrel, as US-China trade dispute rattled investor sentiments.
As per provisional data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 2,107.93 crore on Tuesday.
Domestic bourses opened on a cautious note on Monday with benchmark indices Sensex trading 69.12 points down at 36,907.73 and Nifty lower by 27.10 points at 10,921.15.
With inputs from PTI