The Indian rupee is set to weaken at today’s open, with a possible slide to a lifetime low against the US dollar, on concerns that the fragile US-Iran ceasefire may be fraying, keeping oil prices high and the currency under pressure, Reuters reports.

The rupee is expected to open at 95.4595.55, traders have said, after sliding 0.88 per cent to 95.31 in the previous session. At those levels, the currency will surpass the all-time low of 95.4325 hit last week.