The Rupee is to hold above the 96-per-dollar mark at Tuesday's open, with recent central bank intervention and softer ?oil prices countering the dollar's broad strength. The currency has staged a recovery after ?appearing headed toward the 97-per-dollar mark for the first time at ?Friday's open. The turnaround was driven by intervention from the Reserve Bank ?of India to defend the 97 level, alongside a retreat in crude ?oil prices. The RBI reinforced its intervention with further dollar sales on Monday, triggering ?stop-losses on long-dollar positions and accelerating the rupee's advance. The Indian currency touched its highest level in two weeks on Monday and posted its biggest single-day advance in about six ?weeks. The decline in oil prices alone would not have been enough to ?reverse sentiment toward the rupee, a trader at a private-sector bank said. The key factor has ?been ?the RBI's intervention, which has been fairly persistent. That intervention is likely to keep speculators cautious, at least over the next few days. The U.S. dollar held at a one-month high on Tuesday as traders weighed a slim but lingering chance ?of a rate hike at the Federal Reserve's upcoming meeting, even as falling oil prices eased some concerns over inflation. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, edged up 0.03% to 101.55, with the euro down 0.01% at $1.1366. Against the Japanese yen , ?the dollar gained 0.05% to 163.82, while sterling eased 0.02% to $1.3284. Although a pause in U.S. attacks on Iran pushed oil ?prices lower and somewhat eased inflation worries, U.S. Treasury yields retreated only modestly compared with moves in other markets ?overnight. The Bank of England and ?Bank of Japan are widely ?expected to keep interest rates unchanged at their meetings on Thursday and Friday, respectively, while maintaining a cautious stance on inflation. With the yen pinned near last week's 40-year lows against the dollar, the ?BOJ is expected to leave the door open to further hikes to stem the currency's decline, ?although policymakers will ?likely stay ambiguous on the pace and timing of the moves. Verbal efforts to support the Japanese currency have so far yielded muted results. Oil prices extended declines on Tuesday, down by over $1 per barrel amid hopes ?for a resolution in the U.S.-Iran war which significantly disrupted global energy flows.Brent crude futures were down $1.47, or 1.66%, at $86.89 by 0326 GMT, their lowest since July 20. U.S. West Texas Intermediate crude was at $81.16 a barrel, down $1.45, or 1.76%, also the lowest level since July 20.......