The rupee opened on a weak note and declined by 11 paise to 69.61 against the US dollar in opening trade on Friday, as rising crude oil price concerns weighed on investor community.
The rupee opened weak at 69.55 at the interbank forex market and then fell further to 69.61, down 11 paise over its last close. The rupee had settled at 69.50 against the US dollar on Thursday.
Forex traders said, rupee is trading in a narrow range as prospects of an interest rate cut by the US Federal Reserve kept investors edgy.