Mumbai, Oct. 7 -- The Indian rupee depreciated 10 paise to 96.45 against the US dollar in early trade on Wednesday ahead of the Reserve Bank of India's monetary policy decision. The rupee is under continuous pressure amid persistent outflows of foreign funds from domestic equities and strong US dollar holding near multi-month highs above 102 (DXY). Moreover, investors are keenly awaiting the RBI's monetary policy decision for further cues.

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