MUMBAI: The rupee declined by 42 paise to 72.08 against the US currency in early trade on Monday.
At the Interbank Foreign Exchange, the rupee opened at 72.03 then fell to 72.08 against the US dollar, showing a decline of 42 paise over its previous closing.
On Friday, the Indian rupee had closed at 71.66 against the US dollar.
As per provisional data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 1,737.20 crore on Friday.
The 30-share index was trading 166.48 points or 0.45 per cent higher at 36,867.64 and the broader Nifty rose 170.95 points or 1.58 per cent to 11,000.30.
The dollar index, which gauges the greenback's strength against a basket of six currencies, inched up 0.06 per cent to 97.70.
Brent crude futures, the global oil benchmark, eased 0.91 per cent to USD 58.80 per barrel.
The 10-year government bond yield was at 6.52 per cent in morning trade.
With inputs from PTI