The rupee is expected to open lower on Wednesday as surging oil prices and US Treasury yields add pressure, testing gains supported by RBI intervention.

The rupee enters the week facing a more challenging external backdrop, with markets reassessing the prospect of a Federal Reserve rate hike as soon as next month

Rupee started Monday on a weak note as higher crude oil prices and geopolitical tensions weighed down the currency, while growing expectations of a September US Fed rate hike…