New Delhi, April 30 -- Indian equities ended the holiday-truncated week only marginally higher, as stalled talks between the US and Iran and president Donald Trump's rejection of Tehran's proposal to remove the blockade of Hormuz pushed crude prices to a three-year high of $126 per barrel.

Still, benchmark indices posted their best monthly show in nearly three years in a relief rally, as investors piled into beaten-down stocks after US and Iran announced a ceasefire early in April following more than a month of conflict.

Surging crude prices pushed the rupee to a record low of 95.32 against the US dollar, sparking concerns that a fragile West Asia truce could unravel, intensifying inflationary and margin pressures. The weakening currenc...