Mumbai: The rupee opened on a weak note and fell 12 paise to 70.93 against the US dollar in early trade on Wednesday ahead of the outcome of Reserve Bank of India's monetary policy review meet.
The Indian rupee on Tuesday had closed at 70.81 against the US dollar.Traders said weakening of the greenback vis-a-vis other currencies overseas and easing crude oil prices added support to the local unit.
Meanwhile, brent crude futures, the global oil benchmark, fell 0.10 per cent to USD 58.88 per barrel, as US-China trade dispute rattled investor sentiments.
Domestic bourses opened on a cautious note on Monday with benchmark indices Sensex trading 69.12 points down at 36,907.73 and Nifty lower by 27.10 points at 10,921.15. (PTI)
