India, April 22 -- The Indian rupee weakened for the third consecutive session on Wednesday, slipping 31 paise to 93.75 against the US dollar in early trade, pressured by rising crude oil prices and ongoing uncertainty around a potential West Asia peace deal.
According to forex traders, the currency also came under strain due to selling in domestic equity markets and continued outflows of foreign capital.
In the interbank foreign exchange market, the rupee opened at 93.69 and declined to an early low of 93.76, before trading at 93.75 against the greenback—marking a 31 paise drop from its previous close.
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