Rupee declined 3 paise to hit 83.88 against the US dollar in early trade on Monday amid fluctuating crude oil prices. Forex traders said volatility in the international dollar trade and limited movement in the Brent crude rates contributed to the decline in the domestic currency in early trade. The positive domestic equity market, inflow of foreign fund and weak greenback capped the rupee's fall, according to forex traders. At the interbank foreign exchange market, the local unit opened 2 paise lower at 83.87 against the American currency and inched up to touch Friday's closing rate of 83.85 before slipping again. Currency traders are awaiting the PMI manufacturing data set to be released later in the day. The rupee rose 4 paise on Friday to close at 83.85 against the US currency. Meanwhile, Sensex and Nifty hit fresh all-time high levels in early trade on Monday. While Sensex rose 164.2 points to 82,527.60, Nifty was up 55.2 points to reach 25,291.10. The dollar index, which ga