The Rupee depreciated by 9 paise to 69.89 against the U.S. Dollar in early trade Monday on weak opening in domestic equities and rising crude oil prices.
The Rupee opened weak at 69.87 at the interbank forex market and then fell further to 69.89, down 9 paise over its last close.
The local currency however pared the initial loss and was trading at 69.85 at 0951 hrs.
The Rupee had settled at 69.80 against the U.S. Dollar on June 14.
Forex traders said rising crude oil prices, foreign fund outflows and heavy selling in domestic equities kept pressure on the Indian Rupee.
Brent crude futures, the global oil benchmark, rose 0.29% to $62.19 per barrel.
Meanwhile, Foreign Institutional Investors (FIIs) pulled out ₹238.64 crore on a net basis on June 14, provisional data showed.
Domestic bourses opened on a negative note Monday with benchmark indices Sensex trading 166.71 points down at 39,285.36 and Nifty down 58 points at 11,765.30.