MUMBAI: The rupee opened on a weak note and declined by 4 paise to 68.79 against the US dollar in opening trade on Tuesday.
The rupee opened weak at 68.73 at the interbank forex market and then fell further to 68.79, down 4 paise over its last close.
On Monday, the rupee had settled at 68.75 against the US dollar.
Brent crude futures, the global oil benchmark, rose 0.49 per cent to USD 64.02 per barrel.
As per provisional data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 704.42 crore on Monday.
Domestic bourses opened on a positive note day with benchmark indices Sensex trading 252.30 points up at 37,942.91 and Nifty up 74.35 points at 11,263.55.