New Delhi, July 22 -- The Indian rupee opened 10 paise weaker at 96.34 against the US dollar on Wednesday, 22 July, giving up part of the previous session's gains as a renewed rise in crude oil prices, triggered by fresh military exchanges between the United States and Iran, weighed on sentiment.

The currency had posted its strongest single-day gain in two weeks in the previous session, supported by robust inflows linked to a series of measures announced by the Reserve Bank of India (RBI) to bolster the rupee.

According to a Reuters report, traders said the RBI's repeated intervention around the 96.50 level, along with expectations that the central bank would intensify its support as the rupee approaches its record low of 96.96 per US d...