Rupee trades lower at 70.32 versus its previous closing of 71.27 per dollar.
In the bond market, yield on 10-year government bonds stood at 6.6%.
Crude continues to slide on concerns over corona virus attack which is seen to disrupt demand for the commodity.
Gold also eased in price after investors lapped up riskier assets on the pretext that corona virus is not a global threat.
Meanwhile, benchmark indices opened almost flat with a positive bias.