The Indian rupee fell as much as 0.4% to 95.7925 per dollar and last traded at 95.7275, extending losses for a fourth session to a two-week low. Rising Brent crude, which approached $110 a barrel and gained nearly 12% this week, increased concerns over India’s external balance, growth and inflation as Middle East tensions disrupted shipping through the Strait of Hormuz and the Red Sea. Higher U.S. Treasury yields also pressured the currency after stronger-than-expected producer price data lifted expectations of a Federal Reserve rate increase next week. Three bank FX traders and an FX brokerage trader said state-run banks likely offered dollars on behalf of the RBI.