The Indian rupee is expected to remain subdued on Tuesday, opening around 95.70-95.75 per dollar after settling at 95.7450 on Monday. Traders expect the Reserve Bank of India, or RBI (India's central bank), to limit pressure on the currency, keeping it within a narrow range after interventions made it one of Asia's quietest currencies over the past two weeks. The rupee has traded between 95.45 and 95.75, a range of less than 30 paisa. Corporate hedging demand, periodic derivative-contract maturities and persistently elevated oil prices continue to weigh on the currency, while stronger foreign portfolio inflows provide support. Overseas investors have bought more than $2.5 billion of Indian stocks in August, compared with $2.1 billion in July, reversing part of nearly $28 billion in outflows accumulated over four months. Asian currencies were mostly range-bound, while the U.S. dollar struggled to retain gains as markets assessed expanded U.S. sanctions on Iran and efforts to reduce longer-dated Treasury yields. MUFG said growing geoeconomic fragmentation could encourage countries to diversify reserves, trade and financial links away from dependence on any single system, including the dollar-based system.