New Delhi, May 19 -- The Indian rupee opened 2 paise weaker at 96.37 per US dollar on Tuesday, 19 May, as elevated crude oil prices continued to weigh on the domestic currency.

Pressure on the rupee intensified further amid weakness across Asian currencies, subdued global risk appetite, and elevated US bond yields.

The rupee has now fallen for seven consecutive sessions, losing around 2.2% during the period while repeatedly touching fresh record lows. Since the Iran conflict escalated in late September, the currency has declined more than 6%.

Brent crude hovered near $ 110 per barrel in Asian trade as investors closely tracked developments on possible negotiations between the US and Iran aimed at ending the conflict and reopening the S...