The Rupee opened to its weakest ?level on record on Tuesday ?as investors fretted ?over a fraying ?ceasefire in the ?Middle East, which ?sparked a fresh rise in oil prices, ?deepening worries ?over the economic hit to ?a ?net energy-importing economy. Since the Iran war broke out in late February, ?triggering a surge in oil prices, the rupee has remained under pressure, ?interrupted only briefly by bouts of central bank intervention. That pressure shows little sign of ?abating, with U.S.–Iran negotiations to resolve the conflict making little progress. While the two sides agreed to a ceasefire on April 8, comments from U.S. President Donald Trump suggest the truce ?may be at risk. Brent ?crude rose 1% ?to $105.22. Asian currencies and equities fell alongside U.S. equity futures, while Treasury yields climbed. Brent has surged 46% since ?the war began, posing a major challenge for India, ?which imports ?most of its energy needs. The U.S. dollar held its ground on Tuesday as talks to end the war in the Middle East showed no signs of progress, ?pushing oil prices higher and worrying investors that interest rates may need to stay higher to tackle inflationary pressures. Investors now fear that ?the ceasefire that has been in place since April 7 could be in danger and hostilities could resume in the conflict which began at the end of February, killing thousands and halting vital energy flows. The currency ?market was muted to start the Asian session, with focus shifting to Trump's visit to China later this week. U.S. Treasury Secretary Scott Bessent is also in ?Asia for meetings in Japan and South Korea. The euro last bought $1.1775, while sterling was at $1.3602, both steady on the day. The dollar index , which measures the ?U.S. currency against six others, was at 97.98. The dollar initially benefited from safe haven flows when the war first broke out but has since given up much of those gains and remains choppy on shaky prospects of a peace deal and a ceasefire that appears to be hanging by a thread. Later ?in the ?day the spotlight will be on a U.S. inflation report, which is forecast to show consumer prices rose 0.6% last month after jumping 0.9% in March, according to a Reuters survey of economists. Estimates ranged from a 0.4% gain to a 0.9% rise. The yield on benchmark U.S. 10-year notes was steady at 4.418% in Asian hours, after gaining ?4.8 basis points on ?Monday. The Japanese yen was last at 157.30 per U.S. dollar, steady on the day as traders watch out for comments from Bessent on the yen and Japan's monetary policy. The Australian dollar was 0.14% lower at $0.724 ahead of the federal budgett ?release, while the New Zealand dollar eased 0.07% at $0.5959. Bitcoin was last down 0.3% at $81,551 in early trading. Oil prices rose in early Asian trade on Tuesday as negotiations to end the war between ?the United States and Iran appeared fragile, with Tehran’s response to a U.S. proposal highlighting stark differences that kept supply concerns alive. Brent crude futures were up 30 cents, or 0.29%, at $104.51 per barrel, while U.S. West Texas Intermediate gained 31 cents, or ?0.32%, to $98.38 by 0002 GMT. Both benchmarks increased nearly 2.8% on Monday.......