New Delhi, June 2 -- The Indian rupee opened 7 paise weaker at 95.06 against the US dollar on Tuesday, 2 June, amid continued volatility in crude oil prices driven by uncertainty surrounding US-Iran negotiations and sustained foreign investor selling in Indian equities.

Market participants noted that despite ongoing portfolio outflows and crude oil prices hovering near $ 100 per barrel, the rupee has largely avoided sharp depreciation in recent sessions, supported by the central bank's active intervention in the foreign exchange market.

According to exchange data, foreign portfolio investors (FPIs) have sold nearly $2.5 billion worth of Indian equities over the past two trading sessions. Since the outbreak of the Iran conflict in late F...