India, Aug. 11 -- The rupee fell 8 paise to 95.38 against the US dollar in early trade on Tuesday, Aug 11 amid no breakthrough in the ongoing West Asia crisis, which kept global markets on edge and pushed up crude oil prices overnight.

A decline in domestic equity markets kept pressure on the local unit, while FII inflows and intervention by the Reserve Bank of India (RBI) provided support, preventing a further slide, forex traders said.

At the interbank foreign exchange market, the rupee opened at 95.38 against the US dollar and held that level till the time of publishing. It had declined 13 paise to settle at 95.30 on Monday.

"The rupee traded in a relatively narrow range (on Monday) despite Brent rising towards USD 84. The downside ...