The dollar index, which measures the strength of the dollar against a basket of six different currencies, decreased 0.04 percent to 112.08.
Digital Desk: Early on Monday, the rupee declined 38 paise to reach 81.78 against the US dollar, following a flattish trend in local markets and investors' cautious attitude.
Additionally, traders noted that the local unit was hurt by the global market's rising petroleum costs.
The local currency at the interbank foreign exchange started out weakly versus the dollar at 81.65, then declined further to quote at 81.78, losing 38 paise from its previous closing.
On Friday, the rupee increased 33 paisas to close at 81.40 against the dollar.
The dollar index, which measures the strength of the dollar against a basket of six different currencies, decreased 0.04 percent to 112.08.
The benchmark for world oil, Brent crude futures, increased 2.77 percent to USD 87.50 a barrel.
The 30-share BSE Sensex was down 66.60 points, or 0.12%, at 57,360.32 on the domestic equities market, and the larger NSE Nifty was down 12.90 points, or 0.8%, at 17,081.45.
Following two months of capital infusion, foreign investors once again turned sellers in September, pulling Rs 7,600 crore from the Indian equity markets in response to the US Fed's hawkish posture and the rapid depreciation of the rupee.
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