The rupee today opened 8 paise lower at 71.31 against the US dollar amid rise in crude oil prices.
The domestic unit on Friday slipped by 7 paise to close at 71.23, pressured by heavy foreign capital outflows and firming oil prices.
This was the third straight session of loss for the domestic currency. On a weekly-basis, the rupee registered a loss of 8 paise.
Among the global factors, China-US trade talks and crude oil prices are likely to influence forex market sentiment.
Moreover, market participants will also keep an eye on the Fed minutes to gauge a view for the greenback.