Rupee slips marginally as RBI intervenes amid oil, yield pressures

The Indian rupee declined marginally on Tuesday, with indications that the Reserve Bank of India stepped in to support the currency. High oil prices and rising global bond yields added pressure on the rupee's performance.

Domestically, Indian government bond yields moved higher while equity markets dipped slightly. Market participants are now focused on the upcoming minutes from the RBI's latest monetary policy meeting, which could provide clarity on the central bank's stance.