The Rupee opened steady Thursday amid concerns that the Iran ceasefire may not fully restore oil supplies through the key Strait of Hormuz, ?nudging oil prices higher and weighing on risk assets. Brent crude July futures rose more than 2% to $96.76, after plunging 13.2% in ?the previous session on hopes that a U.S.-Iran ceasefire would allow oil ?flows to resume via the Strait of Hormuz. Meanwhile, shippers on Wednesday said they needed more clarity on the terms of the ceasefire before resuming transit through the Strait of Hormuz. The rally in Asian shares and U.S. equity futures sparked by the ceasefire faded on Thursday, though losses were relatively modest. U.S. equity futures were down about ?0.2%. Minutes from the ?Federal Reserve's March ?meeting were seen as largely hawkish, offering little support to risk assets. Asian currencies were weaker by around 0.1% to 0.4%. While the modest risk-off mood and a slight uptick ?in oil ?prices could pose a challenge for the rupee, the currency is expected to find support through the session from the ongoing unwinding of arbitrage positions by banks, ?traders said. The dollar remained on a shaky footing ?on Thursday after broad losses, as investors anxiously assessed whether a fragile two-week ceasefire between the United States and ?Iran would hold. The dollar index , which measures the greenback ?against a basket of currencies including the yen and the euro, wobbled to be down 0.01% at 99.05. The euro was up 0.01% at $1.1663 while ?sterling edged 0.01% higher to $1.3393. The yen handed back some of the previous day's gains following the announcement of the truce in the Middle East conflict, weakening 0.13% against the greenback to 158.8 per dollar. The overnight indexed swap (OIS) market is pricing in a 55% ?chance of an interest rate hike in the Bank of Japan's upcoming meeting later this month, data from money market broker Tokyo Tanshi showed. If ?the ?ceasefire were to collapse, expectations for the April rate increase could start to decline, which could in turn lead to yen weakness, Suzuki said. The Australian dollar weakened 0.13% versus the greenback to $0.7033. ?New Zealand's kiwi strengthened 0.07% versus the greenback to $0.5826. Oil prices rose on Thursday on investors' concerns supply from the key Middle East producing region may ?not fully resume amid doubts the two-week ceasefire between the U.S. and Iran will ?hold and as the crucial Strait of Hormuz remains restricted. Brent crude futures were up $2.6, or 2.74%, at $97.35 a barrel at 0048 GMT, while U.S. West Texas Intermediate (WTI) crude rose $3.02, or 3.2%, to $97.43 a barrel.......