The Rupee opened weaker on Tuesday, tracking losses in Asian peers, with traders noting that underlying flows are ?compounding pressure and limiting near-term upside. The currency, which had recovered to near the 94 level from an all-time low of around ?97 hit mid-last month due to a drop in oil prices ?and steps by the central bank to support it, has largely ?traded in a range in recent sessions. It has repeatedly struggled to move ?past the 94.00–94.20 region despite attempts driven by the unwinding of short rupee ?positions. The recent strength in the dollar has capped its upside, while bankers point to persistent importer hedging following the rupee’s recovery and tepid equity flows. On Monday, the rupee ?touched an intraday high of 94.25 before retreating. For now, the strategy is ?to buy dollar/rupee around 94.20–94.30 for a 30–40 paisa move, and sell in the 94.70–94.90 ?zone, ?where the Reserve Bank of India appears to be defending, a currency trader at a private bank said. Oil prices continue to support the rupee, with Brent crude holding near levels seen before the Iran conflict in late ?February. While oil has ?pulled back to ?pre-war levels, the rupee remains weaker than levels around 91 seen before the conflict. The yen slumped to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo ?was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the U.S. rate outlook. The yen ?weakened to 162.41 per dollar for the first time in 40 years on Tuesday. Japanese Finance Minister Satsuki Katayama reiterated the authorities stood ready to respond appropriately at any time, refraining from stronger rhetoric. The dollar index , which measures the U.S. currency against six other units, clawed back some of its overnight losses to be last at 101.28, set for a 1.4% rise in the quarter after gaining 1.6% in the first three months of 2026. Investors have ?loaded up on bets on continued dollar ?strength at their fastest pace on ?record for the first half of the year, data showed, casting a shadow over other currencies. The euro dipped 0.18% to $1.1403, not far from the one-year low it hit last week. The Australian dollar dipped 0.27% to touch a three-month low of $0.6867 while the ?New Zealand dollar fetched $0.5644. Sterling softened 0.17% to $1.3237 as investors weighed comments from Andy Burnham Britain's likely next prime minister, suggesting he ?would commit to a ?series of fiscal rules that financial markets monitor. Oil prices dipped on Tuesday and were poised for ?a second month of declines, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures , which expire on Tuesday, were down 0.9%, or 64 cents, at $72.51 a barrel as of 0356 GMT. These levels ?are around $20, or 22%, lower than last month's closing. The more actively traded September contract was ?down 0.4%, or 31 cents, at $73.6 a barrel.......