Rupee came under pressure in early trade on Wednesday, opening 11 paise lower at 96.36 against the US dollar. The slump came as rising crude oil prices and increased demand for safe-haven assets weighed down the currency.

The rupee drops 12 paise to 96.42 against the dollar amid rising crude prices and foreign capital outflows.

Rupee started the week on a negative note, falling 12 paise against the US dollar in early trade on Monday as rising crude oil prices and escalating tensions in the Middle East…