The Indian rupee closed marginally weaker on Tuesday as likely central bank intervention stood between the South Asian unit and the pressure from elevated oil prices and surging global bond yields. 6025 ‌in the ⁠previous ⁠session.

The Reserve Bank of India likely intervened across market segments to support the rupee on Tuesday, traders said. The rupee, rupiah and peso triplet is seen as among the most vulnerable to ⁠energy price shocks ‌due to sizeable energy imports.

S. to Japan and Germany rose to their highest levels in decades as renewed inflation worries added to lingering concerns of fiscal pressures across major economies.

Thirty-year bond yields in the United States hit their highest since 2007." A big sell-off in the long-end of the Treasury market is typically bad news for emerging market currencies and risk ‌in general.

S. ⁠Federal Reserve to act," analysts at ING said in a note.

3%, tracking weakness in regional equities. The focus will now be on the release of the minutes of the Indian central bank's August policy meeting, due on Wednesday.