Mumbai: The rupee opened on a cautious note and fell 26 paise to 69.06 against the US dollar in early trade Monday amid heavy selling in domestic equities and rising crude oil prices.
The Indian rupee Friday had closed at 68.80 against the US dollar.
Meanwhile, brent crude futures, the global oil benchmark, rose 1.38 per cent to USD 63.33 per barrel.
According to analysts. foreign portfolio investors pulled out around Rs 7,712 crore from Indian equities in this month so far following the 'super-rich' tax announced in the budget for 2019-20.
Meanwhile, domestic bourses opened on a nagative note Monday with benchmark indices Sensex trading 346.72 points down at 37,990.29 and Nifty lower by 99.45 points at 11,319.80. (PTI)
