<p>The rupee opened on a weak note and declined 4 paise to 71.12 against the US dollar in opening trade on Monday, as concerns over rising crude oil price weighed on the investor community.</p>.<p>Forex traders said the weakness in the rupee was largely due to spurt in crude oil prices following rising tensions in the Middle East and North Africa.</p>.<p>The rupee opened weak at 71.07 at the interbank forex market and fell further to 71.12, down 4 paise over its last close.</p>.<p>The rupee had settled at 71.08 against the US dollar on Friday.</p>.<p>Meanwhile, foreign fund inflows and positive opening in domestic equities supported the local currency.</p>.<p>Foreign institutional investors remained net buyers in the capital markets, putting in Rs 264.26 crore on Friday, as per provisional data.</p>.<p>Brent crude futures, the global oil benchmark, rose 1.14 per cent to USD 65.59 per barrel.</p>.<p>Domestic bourses opened on a positive note on Monday with benchmark indices Sensex trading 185.17 points up at 42,130.54 and Nifty rose 19.70 points to 12,372.05.</p>
<p>The rupee opened on a weak note and declined 4 paise to 71.12 against the US dollar in opening trade on Monday, as concerns over rising crude oil price weighed on the investor community.</p>.<p>Forex traders said the weakness in the rupee was largely due to spurt in crude oil prices following rising tensions in the Middle East and North Africa.</p>.<p>The rupee opened weak at 71.07 at the interbank forex market and fell further to 71.12, down 4 paise over its last close.</p>.<p>The rupee had settled at 71.08 against the US dollar on Friday.</p>.<p>Meanwhile, foreign fund inflows and positive opening in domestic equities supported the local currency.</p>.<p>Foreign institutional investors remained net buyers in the capital markets, putting in Rs 264.26 crore on Friday, as per provisional data.</p>.<p>Brent crude futures, the global oil benchmark, rose 1.14 per cent to USD 65.59 per barrel.</p>.<p>Domestic bourses opened on a positive note on Monday with benchmark indices Sensex trading 185.17 points up at 42,130.54 and Nifty rose 19.70 points to 12,372.05.</p>