The Indian rupee weakened by 24 paise to 94.39 against the US dollar in early Tuesday trading, pressured by rising crude oil prices and increased month-end demand for the greenback. The broader shift toward safe-haven assets also added to the currency’s decline.

Forex traders noted that Brent crude prices remained elevated at around USD 109 per barrel, leaving India’s external position exposed. Additionally, persistent foreign capital outflows and growing geopolitical uncertainties further dampened investor sentiment.