The Rupee opened stronger on Friday on reports that the U.S. and Iran have agreed to extend a ceasefire, while traders ?will be wary of latching onto momentum as multiple reports in recent ?memory have led to no resolution. Dollar outflows related to the global equity index adjustments, though, are likely to be a pressure point for the currency on the day. Oil futures fell on hopes for a potential deal to extend a U.S.-Iran ceasefire, ?although remarks from Vice President JD Vance that the nations were "close" to reaching a deal ?but "not there yet" kept a floor under prices. The Trump administration has several times said a deal to end the fighting was close, only to have Iran dispute or downplay the claims. Brent crude futures for ?July , which expire on Friday's settlement, were down 1.1% at $92.6, while the more actively traded ?August Brent futures were down 1% to $91.7. Elevated oil prices present steep macroeconomic risks to India, which imports about 80% of its ?energy requirements. Reflecting the ?risks, wagers against the ?Indian rupee , Philippine peso , and Thai baht also stayed elevated, underscoring caution toward Asia's net oil importers. The rupee has declined about 5% ?since the war in Iran began in late February and was ?on course ?for a near 1% month-on-month decline. The ?dollar extended its weakness against major currencies on Friday and was on track ?to end the week lower, after reports the U.S. and Iran reached an agreement to extend the ceasefire in the Middle East and lift restrictions on shipping through the Strait of Hormuz. The deal, still pending ?Trump's approval, would extend the truce for another 60 days and allow traffic ?to flow through the strategic waterway while negotiators tackle difficult issues such ?as Iran's nuclear program, four sources told Reuters. The euro fetched $1.1653, up 0.03% so far in Asia, while the pound traded flat at $1.3445. The Australian dollar was steady at $0.7164 and the New Zealand ?dollar rose 0.2% to $0.5946, near the strongest level in more than two weeks. The dollar index , ?which measures the greenback against a basket of currencies, was largely flat at 98.997 after dropping 0.2% ?on ?Thursday. It is now on track to snap two weeks of gains and end the week 0.3% lower. The Japanese yen ?strengthened to 159.27 on the back of broad dollar weakness, pulling away from the psychologically significant 160-per-dollar level that has previously led to interventions by Japanese authorities. Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following ?reports that the U.S. and Iran had agreed to extend a ceasefire, ?though it had yet to be finalised. Brent crude futures for July fell 1.1% or $1.04 to $92.67 a barrel at 0330 GMT. U.S. oil futures fell $1.26, or 1.4%, to $87.64 a barrel. Brent plunged 10.5% ?this week - the steepest plunge since the week that ended on April ?6, while WTI fell 9.2% - the biggest weekly loss since the ?week that ended on April 13.......