In an LCR circuit, the current amplitude \( I \) at resonance is given by:
\[
I = \frac{E}{R}
\]
where \( R \) is the resistance, \( E \) is the emf, and \( R \) is the total resistance in the circuit. If the resistance \( R \) is doubled, the current will decrease as the current is inversely proportional to the resistance.
Therefore, if the resistance becomes twice the initial value, the current will be half of its initial value:
\[
I_{\text{new}} = \frac{I_0}{2}.
\]
Thus, the correct answer is \( \boxed{\frac{I_0}{2}} \).