MUMBAI: The rupee opened on a weak note and fell 20 paise to 71.47 against the US dollar in early trade on Friday.
At the Interbank Foreign Exchange, the rupee opened weak at 71.33 then fell to 71.47 against the US dollar, showing a decline of 20 paise over its previous closing.
On Wednesday, the Indian rupee had closed at 71.27 against the US dollar.
On Thursday, the Forex market was closed on account of Independence Day.
Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,614.63 crore on Wednesday, as per provisional data.
Meanwhile, Brent crude futures, the global oil benchmark, rose 0.94 per cent to USD 58.78 per barrel.
Domestic bourses opened on a cautious note on Friday with benchmark indices Sensex trading 157.74 points down at 37,153.79 and Nifty lower by 55.55 points at 10,973.85.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 98.21.
The 10-year government bond yield was at 6.58 per cent in morning trade.
With inputs from PTI