New Delhi, July 13 -- The Indian rupee opened 37 paise lower at 95.70 against the US dollar on Monday, 13 July, as renewed escalation in the US-Iran conflict triggered a sharp rise in crude oil prices, raising concerns over India's import bill and trade balance.

Investor focus shifted back to the energy market after Iran expanded its strikes on Gulf states in response to recent US attacks, while US President Donald Trump said the ceasefire was over, reigniting geopolitical tensions in the Middle East.

The rupee traded in a 94.96-95.60 range last week, largely tracking crude oil price movements, reflecting India's heavy dependence on oil imports. Market participants expect the currency to remain sensitive to crude price fluctuations this...