US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.
Forex dealers said besides dollar's gains in the overseas markets, outflow of foreign funds from weakening domestic equity market further influenced the rupee sentiment.
Global crude oil prices slipped below $45 a barrel in early Asian trade on Monday after the Organization of Petroleum Exporting Countries cartel decided not to cut production.
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
Benchmark Brent oil futures prices more than halved between June 2014 and January 2015.
The rupee had last ended at 67.22 per dollar on March 16, 2016.
The rupee weakened even as the dollar fell against major global currencies
The winners of the Natural History Museum's prestigious Wildlife Photographer of the Year competition were announced at an awards ceremony in London. American photographer Karine Aigner was announced as this year's Wildlife Photographer of the Year.
Weakness of dollar in the overseas market also boosted the rupee value.
Britain's 'remain' option gaining traction, with the implied probability of such an outcome at 78 per cent.
The Natural History Museum's annual competition and exhibition, Wildlife Photographer of the Year has been the longest-running and most prestigious nature and wildlife photography competition that has been recognising the world's best nature photography every year since 1965.
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