India, May 19 -- The Indian rupee weakened further and closed at a record low of 96.35 (provisional) against the US dollar on Monday, pressured by rising crude oil prices on the back of ongoing geopolitical tensions and a strong dollar.

Forex traders said the global market sentiments continue to dampen amid simmering tensions between the US and Iran.

Moreover, emerging market economies, including India, continue to feel the pressure of rising crude oil prices, as elevated rates increase the outflows of US dollars, along with the outflows already happening due to FPIs, traders said.

At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.39 against the US dollar, registering a fall of 58 paise from i...