The Rupee opened weak as the Rupee fell to a record low on ?Wednesday as a deadlock ?in U.S.-Iran peace talks kept oil prices elevated, fuelling worries of a global ?inflation surge that has lifted bond ?yields to multi-year highs and ?weighed on equities. Elevated energy prices ?and weak capital flows, further strained by ?rising bond yields, have left India staring at a steep balance ?of payments deficit for ?the ongoing fiscal year. The rupee fell to 96.8650 per ?dollar ?on Wednesday, eclipsing its previous all-time low of 96.6150 hit in the previous ?session. The currency is ?down ?6% since the Iran war began in ?late February. Overseas investors have ?pulled ?out over $22 billion from local stocks and bonds over the ?same ?period, while ?Brent crude prices have surged over 50%. A surge in U.S. Treasury yields amid a broad selloff in developed market ?bonds is amplifying pressure on the rupee, which is already under ?strain from oil prices that are distorting daily dollar demand and weighing on capital flows. The 10-year U.S. yield has jumped over 20 basis points in four days, while ?the 30-year yield has hit its highest since 2007. Shorter maturities have ?followed suit, with the jump driven by war-linked inflation concerns pushing up expectations of Fed ?rate ?hikes this year. A selloff across U.S. bond markets has accelerated over the past week on stalled U.S.-Iran talks fuelling worries that oil prices will remain high for longer than anticipated. Brent crude held near $111 per barrel on Wednesday, with U.S. President ?Donald Trump's comments ?that the ?Iran conflict will be resolved "very quickly" having little impact. With crude holding well above the $100 mark, markets are ?pricing in a near 50% probability of a Fed ?rate ?hike in 2026, a stark shift from a month ago when investors saw little to no chance of policy tightening. The U.S. dollar ?was steady near a six-week high on Wednesday as investors come to terms with the possible need for ?higher interest rates to tackle inflation due to the Iran war, pushing the Japanese yen back into the intervention zone. The euro last bought $1.1608, ?having touched its lowest level since April 8 in the previous session. The British pound was at $1.3398, not far from a ?six-week low it touched earlier this week. The Australian dollar , often seen as a barometer for risk sentiment, was 0.14% lower at $0.7097, while ?the New Zealand dollar fell 0.24% at $0.5822. Against a basket of currencies, the dollar was steady at 99.306. The index is up more than 1% in May due to safe-haven demand and markets pricing in chances of the Federal Reserve hiking interest rates by the end of the year. Oil prices ?eased on Wednesday after U.S. President Donald Trump again asserted the war with Iran will end "very quickly", ?though investors remain wary about the outcome of peace talks amid continued disruptions to Middle East supply from the conflict. Brent crude oil futures fell 45 cents, or 0.4%, to $110.83 a barrel by 0050 GMT, while U.S. West Texas Intermediate futures were down 27 cents, ?or 0.3%, to $103.88.......