India, July 11 -- The rupee rose 14 paise to settle at 95.33 (provisional) against the US dollar on Friday as the greenback weakened and crude oil prices eased despite intensifying tensions in West Asia.

FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while positive sentiment in the domestic equity markets provided support, according to forex traders. The US launched fresh airstrikes against Iran on early Thursday, and Tehran responded by targeting US-allied West Asian countries in an exchange of fire that threatened an interim deal intended to help end the war.

Back-and-forth attacks, including a day earlier, have repeatedly threatened the ceasefire. But Thursday's attacks appeared bigger all a...