MUMBAI: The rupee opened on a cautious note and fell 9 paise to 68.80 against the US dollar in early trade on Wednesday.
At the Interbank Foreign Exchange, the rupee opened at 68.69 then fell to 68.80 against the US dollar, showing a decline of 9 paise over its previous closing.
On Tuesday, the Indian rupee had closed at 68.71 against the US dollar.
Meanwhile, brent crude futures, the global oil benchmark, rose 0.30 per cent to USD 64.54 per barrel.
As per provisional data, foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 444.99 crore on Tuesday.
Domestic bourses opened on a cautious note on Wednesday with benchmark indices Sensex trading 75.05 points up at 39,206.09 and Nifty up 21.55 points at 11,684.15.