The Indian rupee closed nearly unchanged on Tuesday after hitting a two-month low earlier in the session as crude oil prices continued to dictate the currency's momentum while likely central bank ?intervention limited weakness. The rupee had declined 0.2% to 96.1475 in early trading but trimmed losses to close nearly flat at 95.98 as Brent oil prices turned lower on the day, after touching a peak of nearly $108 per barrel. Dollar sales by state-run banks, most likely on behalf of the Reserve Bank of India, helped limit the local currency's fall early in the day and sentiment improved when crude prices cooled. The focus is squarely on oil and a break below $100 per barrel would take the rupee to 95.40-50 per dollar while current levels should keep it closer to 96. The dollar rose against major currencies on Tuesday as investors ?positioned for economic data that could offer clues on the Federal Reserve's interest-rate path, with Treasury yields hovering near multi-year highs. The greenback remained near multi-month highs as the benchmark 10-year Treasury yield settled above 5%. The dollar index rose 0.2% to 101.39, hitting its ?highest level since July 28. he pound fell against the dollar on Tuesday, caught up in the global trend, but strengthened marginally against the euro as traders awaited a speech by British Prime ?Minister Andy Burnham at his governing Labour Party's annual conference. The big picture in currency markets is one of a steadily strengthening dollar, and sterling was not immune. The pound lost 0.2% to $1.3226, close to a three-month low, as elevated US bond yields and oil ?prices combined to boost the dollar. But the pound did manage to strengthen against the euro for a third day, with the common currency last down 0.1% at 85.72 pence. The euro was down 0.30% to $1.13365, a three-month low, as the currency strategies in the face of a global energy shock and growing political risk in Europe. The dollar strengthened 0.2% to 0.834 against the Swiss franc , trading at a 16-month high. The Japanese yen held steady against the greenback at 157.55 per dollar with markets weighing recent warning of probable coordinated intervention from Tokyo and Washington. www.eforexindia.com......