New Delhi, April 13 -- The Indian rupee faced pressure, starting at 93.28 on Monday, April 13, which was a decline of 55 paise from Friday's closing value of 92.73/$, following a two-week relief rally that was hindered by a spike in oil prices after Washington and Tehran could not finalize a deal to stop the conflict.

Brent crude for June delivery surged 7% to $102 a barrel, while US equity futures and Asian stock markets experienced declines. US Treasury yields and the dollar increased, reversing the trends seen in the previous week that had followed a ceasefire between the US and Iran.

The ceasefire seemed to be increasingly unstable after discussions in Pakistan over the weekend did not result in an agreement to conclude the war.

Af...