The Indian rupee has weakened for the third consecutive session, closing at ₹93.83 against the US dollar, a drop of 39 paise. This decline is largely attributed to rising oil prices and the uncertainty surrounding US-Iran peace talks, which have dampened hopes for a resolution to the ongoing conflict in West Asia. Additionally, domestic equity markets faced significant selling pressure, with the Sensex falling by 757 points or 0.95% to settle at 78,516, while the Nifty 50 index decreased by 198 points or 0.8% to 24,378. The rupee opened at ₹93.69 and reached an intraday low of ₹93.87, coming close to the ₹94 mark, which represents its lowest level in three weeks. Analysts suggest that the combination of geopolitical tensions and disappointing earnings from major companies like HCL Technologies has contributed to the negative sentiment in the markets.