Indian rupee weakened against the U.S. dollar on Monday amid uncertainties surrounding negotiations between United States and Iran after Iran indicated that it has not yet decided on participating in the next round of talks with the US. Over the Weekend, the US Navy seized an Iranian-flagged cargo ship in the Gulf of Oman, which followed Iran firing at commercial ships passing through the Strait of Hormuz, renewing concerns over flow of shipping traffic through the Strait. US and Iran are scheduled to meet for another round of negotiation in Pakistan, later today. Further, the renewed tensions have spiked up the global energy prices which weighed on the rupee. The Brent crude oil prices surged more than 5% to trade over $95 a barrel. On the global front, the British pound has weakened against the dollar on Monday, to trade near $1.35, weighed by a stronger dollar as investors moved toward safe-haven assets following renewed tensions between the US and Iran.

Finally, the rupee ended at 93.18 (Provisional), weakened by 27 paise from its previous close of 92.91 on Friday. The currency touched a high and low of 93.24 and 92.70 respectively.