Together with Asian currencies, the Indian rupee declined as a better dollar weighed after this month's Federal Reserve scaled back bets for a half-point rate cut.
The currency opened at $68.91 a.m., the rupee traded at $69.05 a.m., down 0.34 percent from its prior 68.81 close.
St. Louis Fed Chairman James Bullard downplayed an easing cycle talk on Friday and said he favored a quarter-point cut. In pre-trade, the Sensex benchmark dropped at 38,333.52 points by 0.01 percent. The index has increased by 6.29 percent so far this year.
So far in the year, the rupee has increased 1.1 percent against the greenback, while foreign investors have purchased $10.52 billion in Indian equity and $2.76 billion in the debt market over the period.
Asian currencies have been smaller in trading. Japanese yen fell by 0.25%, South Korean by 0.19%, Indonesian rupiah by 0.18%, Taiwan by 0.13%, the Philippines by 0.05%, Singapore by 0.05%. China Offshore, however, rose by 0.06%.
The dollar index, measuring the power of the greenback against a basket of significant currencies, stood at 97,188, down 0.04 percent from its prior 97,188 close.
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