India, Oct. 27 -- The Indian rupee depreciated 7 paise to 95.22 against the US dollar in early trade on Tuesday, pressured by elevated crude oil prices, geopolitical uncertainties and a stronger US dollar ahead of the US Federal Reserve's policy decision.
Forex traders said the domestic currency witnessed some recovery on likely intervention by the Reserve Bank of India (RBI), but remained under pressure due to foreign fund outflows and subdued sentiment in the domestic equity markets.
At the interbank foreign exchange market, the rupee opened at 95.17 against the US dollar and initially recovered to 95.11 before losing ground to trade at 95.22, down 7 paise from its previous closing level.
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