India, Nov. 3 -- The Indian rupee appreciated 12 paise to 94.72 against the US dollar in early trade on Tuesday, supported by a decline in crude oil prices and foreign fund inflows into domestic equities.

However, gains in the domestic currency remained limited as the US dollar strengthened ahead of the crucial US midterm elections, keeping global investors cautious, forex traders said.

At the interbank foreign exchange market, the rupee opened at 94.68 and strengthened to 94.60 before trading at 94.72 against the greenback, up 12 paise from its previous closing level.

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