MUMBAI: The rupee opened on a weak note and declined by 16 paise to 69.10 against the US dollar in opening trade on Wednesday.
The rupee opened weak at 69.10 at the interbank forex market, down 16 paise over its last close.
On Tuesday, the rupee had settled at 68.94 against the US dollar.
Brent crude futures, the global oil benchmark, rose 0.27 per cent to USD 64 per barrel.
As per provisional data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 2,607.97 crore on Tuesday.
Domestic bourses opened on a cautious note day with benchmark indices Sensex trading 100.39 points down at 37,882.35 and Nifty down 40.80 points at 11,290.25.