Mumbai, Aug. 24 -- The Indian rupee pared initial gains and settled for the day lower by 3 paise at 95.74 (provisional) against the US dollar on Monday, on a positive American currency and weak domestic markets. The USD/INR pair traded in a narrow range as rising Brent crude prices, persistent importer demand, and cautious sentiment over new US sanctions targeting Iran weighed on investor sentiment. Local shares ended slightly lower on Monday ahead of the announcement of fresh U.S. sanctions aimed at Iran. U.S. Treasury Secretary Scott Bessent will hold a press conference later today, where he is likely to announce tougher sanctions to economically isolate Iran. The BSE Sensex closed 171.72 points lower at 77,369.11, and the NSE Nifty end...