MUMBAI: The rupee opened on a weak note and fell 17 paise to 71.71 against the US dollar in early trade on Thursday.
At the interbank foreign exchange, the rupee opened weak at 71.65 then fell to 71.72 against the US dollar, showing a decline of 17 paise over its previous closing.
On Wednesday, the Indian rupee had closed at 71.55 against the US dollar.
Meanwhile, brent crude futures, the global oil benchmark, fell 0.17 per cent to USD 60.20 per barrel.
As per provisional data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 770.81 crore on Wednesday.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading unchanged at 98.29.
The 10-year government bond yield was at 6.56 per cent in morning trade.
Domestic bourses opened on a cautious note on Thursday with benchmark indices Sensex trading 149.51 points down at 36,910.86 and Nifty lower by 42.80 points at 10,875.90.
With inputs from PTI