New Delhi, April 14 -- The Indian Rupee is expected to face intense pressure this week, likely testing the Rs 93.50 per dollar levels, as it navigates a "triple threat" of geopolitical escalation, surging energy costs, and a resurgent US Dollar, according to a report by Union Bank of India.

"The outlook for the Indian Rupee this week is decidedly bearish," the report said. The breakdown of US-Iran diplomatic efforts and the implementation of a naval blockade in the Persian Gulf has reignited fears of a catastrophic disruption in the Strait of Hormuz, pushing Brent crude above $102 per barrel.

The report notes that the Rupee's immediate trajectory will be dictated by whether Brent crude stabilizes or continues its climb. "While the RBI's...