The Indian rupee opened lower by 7 paise at 71.26/$ on Friday vs. previous close 71.19/$.
The local unit on Thursday gained by 6 paise at 71.19 against the US dollar after the RBI left the policy rates unchanged but maintained its accommodative stance to boost growth.
Besides, foreign institutional investors (FIIs) sold shares worth Rs560.36cr, while domestic institutional investors (DIIs) bought shares worth Rs304.01cr, as per provisional data available on the NSE showed.
Meanwhile, the US dollar held near a two-week high vs. the yen ahead of China's January trade data and a key US jobs report due out later in the day.
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