The Rupee opened stronger on Friday as it will have to contend with the likely drying up of flows that the central ?bank's directive had drawn in to support it, and ?with oil prices remaining high. In recent sessions, the currency ?has drawn support from the Reserve Bank of India's move on ?March 27 to impose limits on onshore positions of banks, ?which forced them to sell dollars in the local market. With most positions unwound ?ahead of RBI's Friday deadline, a key pillar of support for the rupee has faded, bankers said. If you take the RBI out of the equation, there is "little ?doubt" the direction of the rupee is lower, a currency trader at ?a bank said, adding that he expects 92.50 to be a major resistance that ?will ?likely not be taken out. The dollar on Friday was heading for its largest weekly drop since January as other currencies gained on optimism that a ceasefire in the Gulf will hold and oil shipping will resume. Further direction for markets is likely to ?hang on the outcome of weekend talks between the U.S. and Iran in Islamabad. The dollar had towered in ?March as one of the few bastions of safety as the U.S. and Israeli war on Iran sent oil prices rocketing, hit stocks and gold and inflation worries sank bonds. But since a shaky ceasefire was agreed on Tuesday those positions are being unwound, with the U.S. dollar index losing 1.3% ?so far this week. The euro has rallied through its 200-day moving average this week to trade at $1.1690, a break ?of chart resistance that opens the way to further gains. The risk-sensitive Australian and New Zealand dollars are ?looking at weekly rises of nearly 3% on the dollar, with the Aussie trading just above 70 cents and the kiwi ?at $0.5847. Sterling has shot up 1.8% this week and above its 200-day moving average to $1.3424. Even the yen , under intense pressure from Japan's ?low interest rates, government spending plans and the country's dependence on imported oil, is just above recent lows at 159.2 to the dollar. In the first 24 hours of the ceasefire, just a single oil products tanker and five dry bulk carriers sailed through the Strait of Hormuz, which before the war accommodated about 140 ships a day and about a fifth of the world's oil and liquefied natural gas flows. South Korea's central bank kept its policy interest rate steady on Friday, as expected, ?leaving the won ?at 1,478 to the dollar, having recovered from beyond 1,500. The week's dollar softness has sent China's yuan - which has never really fallen since war began at the end of February - to its strongest levels since 2023. In offshore trade it sat at 6.83 per dollar on Friday. Oil prices climbed on Friday, driven by fresh anxiety over supplies from Saudi Arabia and as ?tanker traffic through the critical Strait of Hormuz remained largely frozen. Brent crude futures added 58 cents, or 0.60%, to $96.50 a barrel as of 0338 GMT. West Texas Intermediate ?futures were up 49 cents, 0.50%, at $98.36 a barrel.......