The Rupee opened weaker on on Wednesday, tracking declines in oil-sensitive Asian peers as fresh hostilities flared in the ?Gulf after U.S.-Iran peace talks stalled. The U.S. military said on Wednesday that Iranian missile attacks on Bahrain, Kuwait and other regional targets were either thwarted or failed, as diplomacy between Washington and ?Tehran showed little progress. The renewed hostilities sparked the third consecutive daily rise in oil ?prices, with Brent crude rising 1% to nearly $97 per barrel. Asian currencies were ?mostly weaker, with the Indonesian rupiah dipping to a record low. On top of worries over ?high energy prices, which threaten to widen India's current account deficit, persistent foreign portfolio outflows ?remain a drag on the rupee as well. Foreign investors net sold over $800 million worth of Indian stocks on Tuesday, per provisional exchange data. The impact of such outflows, though, has been mitigated by frequent ?interventions by the Reserve Bank of India across market segments. The U.S. Central Command said Iran launched ballistic missiles toward regional neighbours but all failed to hit targets, and that U.S. forces conducted strikes on Qeshm Island in response to attempted attacks by Tehran. The renewed strikes occurred as diplomatic talks between ?Iran and the United States remain at a stalemate, keeping the market mood sombre and the dollar on ?the front foot. The yen weakened to the closely watched 160 per dollar level, where authorities have ?previously intervened, in early Asia trade on Wednesday. That erased its gains made in the wake of Tokyo's 11.7 ?trillion yen ($73.14 billion) intervention a month ago to shore up the ailing currency. The dollar was last 0.04% higher at 159.98 yen. The euro eased 0.09% to $1.1621, while sterling was down ?0.07% at $1.3455. The prolonged war in the Middle East and persistently high energy prices have left investors ramping up bets of policy tightening across major central banks this year, a sea change from the rate ?cuts that were priced in ?prior to the conflict. Against ?a basket of currencies, the dollar was steady at 99.28, having risen slightly overnight. Elsewhere, the Australian dollar fell 0.05% to $0.7177, while the New Zealand dollar dipped 0.03% to $0.5924.......