India, Oct. 22 -- The Indian rupee weakened by 12 paise to 94.50 against the US dollar in early trade on Thursday, pressured by weak domestic equity markets and elevated crude oil prices.
Forex analysts said the rupee opened on a flat-to-negative note amid subdued domestic equities and rising oil prices. However, losses were limited by a softer US dollar and declining US Treasury yields.
At the interbank foreign exchange market, the rupee opened at 94.47 against the dollar before slipping to 94.50, marking a decline of 12 paise from its previous closing level.
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