• USD/INR opens at 94.69 against 94.6775 previous session

• Simmering expectations of Fed rate hikes boost USD; dollar index at 101, hovering near over one-year peak

• U.S. 2-year Treasury yields hit 16-month high on Mondayl Asian currencies mostly down between 0.1% to 0.5% on Tue

• Concurrently, retreat in oil and gold prices alongside lower USD/INR has spurred fresh round of importer bids, trader says

• Meanwhile state-run banks have been present on offer to curb sharp USD/INR gains, which is likely to continue, trader adds

• Break above 94.80 could open the door towards the next resistance zone around 95.20, per FX advisory firm CR Forex

• For more, click on [FXBUZ]

(Reporting by Jaspreet Kalra)