The Rupee opened to mild relief at open on Tuesday, helped by oil's rally halting, while ?a slightly improved risk tone lent further support to the ?under-pressure currency. However, the relief appeared fragile, with oil prices in the Asian session largely recovering from Monday's drop. ?Brent crude futures were last quoted at $103.04. U.S. allies rebuffed calls to send ?warships to help tankers move through the Strait of Hormuz, drawing criticism from U.S. ?President ?Donald Trump. U.S. equity futures declined in Asian trade, while Indian equities ?were set for ?a slightly softer ?open after Monday's relief rally. Foreign investors continued to pull money out of India despite the recovery, with ?outflows hitting nearly $1 billion on Monday. Higher-for-longer ?oil prices ?remain a major headwind for the rupee, with India importing nearly 90% of its crude requirements, increasing pressure on the trade balance and inflation. Some ?banks have ?raised their longer-term oil price forecasts, with ?Bank of America lifting its 2026 Brent projection to $77.50 a barrel from $61 and Standard Chartered ?raising its estimate to $85.50 from $70. The U.S. dollar drifted on Tuesday as traders weighed developments in the Iran war, while the Australian dollar eased slightly ahead of an expected rate hike from ?the country's central bank later in the day. The euro was 0.12% lower at $1.1492 in ?Asian trading, while sterling was also down 0.1% at $1.33, pulling back the sharp gains from the previous session. The dollar index was little changed at 99.913. Attention now shifts to the Reserve Bank of Australia meeting later ?in the Asia-Pacific session, with markets now pricing in a roughly 78% chance of a 25-basis-point hike. The Australian dollar fetched $0.706, down 0.16%, while the New Zealand dollar was down 0.24% at $0.5848. Policy uncertainty has risen too and there will ?likely ?be division among central bankers about whether policy should react to the supply shock or look past it, he added.The RBA meeting kicks off a series of central bank conclaves this week that investors will parse to gauge policymakers' views on the war's impact on inflation and growth. The Japanese yen weakened to 159.35 per ?dollar, just shy of ?the crucial 160 level, ?despite verbal warnings from Japanese authorities on Tuesday. Analysts expect the bar for an intervention to be higher because of rising oil prices. The yen is ?down more than 2% against the dollar since the war broke out at the end ?of February. Oil prices rose more than 2% in early ?trade on Tuesday, reversing some of the previous session's losses, on worries about supply with ?the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway. Brent futures jumped $2.48, or 2.5%, to $102.69 a barrel by 0058 GMT, while U.S. West Texas Intermediate crude gained $2.42, or 2.6%, ?to $95.92.......