The Rupee opened stronger on Monday, helped by investors dialling back bets on a Federal Reserve ?rate hike next month after the U.S. economy unexpectedly shed ?jobs last month. The Reserve Bank of India's continued presence in the market is expected to lend further support, helping cushion the rupee from a rise in oil prices amid ongoing ?uncertainty over the reopening of the Strait of Hormuz. The Indian currency has been in recovery mode ?over the past two weeks, aided by regular RBI intervention. While oil prices remain ?choppy and volatile, Brent crude, quoting at $84.50 on Monday, is well below its recent high of $100, providing breathing room to the rupee. The RBI's intervention was in focus yet again on Friday when ?it stepped in at the open, signalling it would not let oil-price ?uncertainty translate into unchecked pressure on the rupee. Investors pared their bets on a Fed rate hike at next month's meeting after data on Friday showed employers unexpectedly shed 23,000 jobs in July. Economists polled ?by Reuters ?had expected employers to add 80,000 jobs. Fed ?funds futures now imply a 44% probability of a rate hike at the Fed's September meeting, ?down from 55% before the data. The U.S. dollar hovered near a two-month ?low against major currencies on Monday as investors awaited this week's inflation data for clues ?on the Federal Reserve's rate path. The euro edged higher to $1.1558, hovering near its strongest level since mid-June, while sterling was steady at $1.3490, near a five-week peak. The yen held firm at 157.90 per dollar, having given back some intervention-driven gains but remaining ?well off the roughly 164 multi-decade low hit late last month. The dollar index , which tracks the ?currency against six major peers, was little changed at 99.6, hovering near its lowest ?level since June 2. U.S. Treasury yields fell as the jobs report dashed hike bets, with those on benchmark U.S. 10-year notes last at 4.637%. The futures market has scaled back the chance of a September move to around 44%, from 67% a week ago. In ?Asia, the ?New Zealand dollar and Australian dollar each slipped 0.1% to $0.7062 ?and $0.5889 respectively. Market participants await the Reserve Bank of Australia's rate decision on Tuesday. The central bank is expected to hold its key rate ?at 4.35% for the rest of the year. Oil prices rose on Monday on uncertainty over the reopening of the Strait of Hormuz anytime soon, as ?Iran said a deal with Oman defining new shipping lanes was ?in its final stages but insisted the U.S. must still meet other conditions. Brent crude futures rose 91 cents or 1.09%, to $84.46 a barrel by 0056 GMT, while U.S. West ?Texas Intermediate crude futures rose 61 cents, or 0.78% to $78.79 a barrel.......