MUMBAI: The rupee opened on a weak note and fell 23 paise to 71.66 against the US dollar in early trade on Tuesday.
On Monday, the rupee had tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar.
At the Interbank Foreign Exchange, the rupee opened weak at 71.56 then fell to 71.66 against the US dollar, showing a decline of 23 paise over its previous closing.
According to provisional exchange data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 305.74 crore on Monday.
Meanwhile, brent crude futures, the global oil benchmark, rose 0.05 per cent to USD 59.77 per barrel.
Domestic bourses opened on a cautious note on Tuesday with benchmark indices Sensex trading 46.13 points higher at 37,448.62 and Nifty up by 12.55 points at 11,066.45.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 per cent to 98.31.
The 10-year government bond yield was at 6.61 per cent in morning trade.
With inputs from PTI