India, March 17 -- The rupee weakened by 14 paise to 92.42 against the US dollar in early trade on Tuesday, pressured by rising crude oil prices and continued foreign fund outflows amid escalating tensions in West Asia.
Weak domestic equities and a stronger US dollar further weighed on the local currency, while investors remained cautious ahead of the US Federal Reserve's interest rate decision, forex traders said.
At the interbank foreign exchange, the rupee opened at 92.35 and slipped further to 92.42 against the greenback, marking a decline of 14 paise from its previous close.
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