New Delhi, June 29 -- The Indian rupee opened 5 paise stronger at 94.35 against the US dollar on Monday, 29 June, as renewed hostilities between the US and Iran had a limited impact on oil prices, investor risk appetite and Asian currencies.

The domestic currency traded in a 94.15-94.92 range last week, finding support from lower crude oil prices, although a stronger US dollar and subdued global risk sentiment capped gains.

According to a currency trader at a bank, last week's price action reinforced the view that the 94-95 range is likely to remain the rupee's near-term trading band.

Meanwhile, Brent crude rose a modest 0.6% to $72.44 per barrel after fresh retaliatory strikes between the US and Iran highlighted the fragile nature of ...