The Indian rupee opens mildly weaker on Tuesday, weighed by a rise in long-dated US Treasury yields and euro-led dollar strength, while traders expect the central bank to continue smoothing the currency's decline having settled at 96.2925 to the dollar on Monday. It is now about 0.6% from its all-time low of near 96.96 hit in May. The currency has remained under pressure over the past month as the external backdrop has grown increasingly challenging, with elevated oil prices, rising US Treasury yields and foreign equity outflows adding to dollar demand. The Reserve Bank of India has been increasingly active in the market, selling dollars when the rupee comes under strain and helping temper the pace of its decline. The dollar index has climbed past 102, supported by weakness in the euro and rising longer-dated US Treasury yields, and is hovering near its highest level since April last year. The euro struggled near a 17-month low on Tuesday, weighed down by political uncertainty ?and fiscal concerns across the euro zone, while the dollar extended its blistering rally as it rode US Treasury yields higher. The euro ticked slightly lower to $1.1220 in the early Asian session, having slid to its lowest since May 2025 in the previous session and extending its 1.2% fall from last week. It was last at 84.83 pence , having also lost more than 1% against the British pound last week. The common currency has come under pressure due to worries about high debt levels and political gridlock in France, with an upcoming snap election in Spain adding to headwinds. A sliding euro is also the latest alarm bell for policymakers facing a surge in French borrowing costs that has started to spill over into the broader euro area. Against the yen, the dollar rose a touch to 157.92 , while sterling slipped 0.02% to $1.3222. Oil prices made slight gains on Tuesday as security concerns in the Middle East kept a geopolitical risk premium in the market, even as resilient regional crude exports and a G7 emergency stockpile release eased supply concerns. Brent crude futures were up 27 cents, or 0.3%, at $100.59 a barrel at around 0330 GMT, while US West Texas Intermediate crude futures rose 30 cents, or 0.3%, to $89.73 a barrel. Gulf oil flows excluding Iran surged to over 81% of pre-war levels in September, data showed, led by a recovery in Saudi exports despite attacks on the kingdom's oil infrastructure and escalating Iranian attacks on regional shipping, while Iranian exports fell to zero due to a US blockade. Further easing supply concerns, G7 countries agreed on Friday to release 100 million barrels of diesel and crude from emergency reserves and pledged to refrain from energy export restrictions after pressure from US President Donald Trump. Saudi-backed Yemeni government forces staged a lightning advance on Monday to retake the coast around the Bab el-Mandeb Strait up to the city of Mocha. In response, the Houthis said they had attacked key locations in Saudi Arabia including an Aramco refinery in Rabigh. The claims could not be immediately verified.Gold eased on Tuesday, pressured by a firmer US dollar and rising Treasury yields, though losses were limited by easing expectations of a Federal Reserve interest rate hike this month. Spot gold slipped 0.3% to $4,128.69 per ounce by 0155 GMT. US gold futures were little changed at $4,156.00. The 10- and 30-year Treasury yields hit 24-year highs on Monday as negative sentiment in the bond market prevailed. Higher interest rates increase the opportunity cost of holding non-yielding gold. Among other metals, spot silver fell 0.6% to $60.69, platinum lost 0.5% to $1,712.20 and palladium eased 0.5% to $1,166.86. www.eforexindia.com......