The Indian rupee is expected to remain subdued, opening around 95.70-95.75 per dollar after settling at 95.7450 on Monday, as Reserve Bank of India intervention keeps it within a narrow range. Corporate hedging, derivative maturities, month-end dollar demand and elevated oil prices weigh on the currency, while overseas investors have net bought more than $2.5 billion of Indian stocks in August. The RBI said it had garnered nearly $73 billion through measures introduced in June to strengthen the balance of payments, bringing foreign-exchange reserves close to a record high and increasing its capacity to limit volatility. A separate newer account described the rupee as trading around 83.50 per dollar after a modest Tuesday recovery attributed to likely RBI intervention; that level conflicts with the older report’s 95.70-95.75 range and is retained as an unreconciled discrepancy. Indian government bonds face pressure from higher U.S. Treasury yields, oil-related inflation risks and India’s debt concerns.