The Indian rupee opened marginally lower on Monday at 71.10/$ vs. Friday's close of 71.08/$.
On Friday, the local unit fell 15 paise to close at 71.08/$ amid the strengthening greenback and rising crude prices.
Oil prices spiked on Monday after two large crude production bases in Libya shut down due to a military blockade. This could curtail crude flows from Libya to a trickle.
Meanwhile, the dollar opened stronger on Monday with US economic data indicating strength and diminishing the possibility of interest rate cuts.
Asian stocks traded marginally higher, following US markets which hit record highs on Friday.
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