Mumbai, Aug 7 (PTI): The rupee settled on a flat note on Friday, higher by just 2 paise at 95.22 (provisional) against the US dollar, on heightened risk aversion due to fragile negotiations between Iran and Oman over the Strait of Hormuz. At the interbank foreign exchange, the rupee opened at 95.27 against the greenback and traded in a range of 95.19-95.28 during the session. It eventually settled at 95.20 (provisional), higher by 2 paise from its previous close. “We expect the rupee to trade with a slight negative bias on uncertainty over the deal between Iran and Oman over the Strait of Hormuz. Brent crude, the global oil benchmark, was trading lower by 0.23 per cent at USD 82.30 per barrel in futures trade.