New Delhi, Aug. 4 -- The Indian rupee opened flat at 95.33 against the US dollar on Tuesday, 4 August, as uncertainty surrounding a potential diplomatic resolution to the US-Iran conflict and persistent importer demand for dollars kept the domestic currency under pressure.

According to a Reuters report, the rupee had climbed to a one-month high of 95.1175 in the previous session before retreating as importers stepped up dollar purchases to hedge future payment obligations. The report noted that importer demand, which has remained elevated over the past few days, intensified after the rupee's sharp rebound from near 96.70 levels.

A currency trader quoted by Reuters said the rupee's recent recovery has begun to encounter genuine corporate...