The Rupee opened stronger on Tuesday, ?the currency has rallied 1.1% over the last two sessions to ?94.4525, buoyed by a slide in crude oil prices following the ?Iran-U.S. peace deal. Brent crude on Monday dropped to $82.40, the lowest level in more than three ?months. ?The key question for the outlook of the rupee and other emerging market currencies is whether this decline in oil prices will hold, which in turn will largely depend on the durability of the U.S.-Iran ?peace deal. Markets on ?Tuesday settled into ?a more measured tone on developments in the Persian Gulf after the initial excitement over the agreement between Washington and ?Tehran began to fade. Oil prices edged higher, ?while Asian ?equities and currencies were mostly weaker and U.S. Treasury yields rose. The U.S. dollar held near 10-day lows on Tuesday as a deal to end the Middle East war buoyed risk ?appetite, while the yen was steady after the Bank of Japan raised rates in a widely telegraphed move aimed at inflation risks from ?the conflict. U.S. President Donald Trump said a preliminary agreement to end the war has been signed by the U.S. and Iran. Details have yet to be made public but that didn't stop global markets from cheering and sending oil prices down. The Japanese yen was at 160.23 per U.S. dollar, hovering near the 160 milestone that has kept traders wary of another bout of interventions from Tokyo, ?with even the peace deal unlikely to provide relief for the battered yen. The Australian dollar was at $0.7061 ahead of the Reserve Bank of Australia policy meeting where the central bank is expected ?to stand pat on rates after three consecutive hikes even as inflation remains elevated. The U.S.-Iran agreement would extend a tenuous ceasefire announced in April by another 60 days and reopen the Strait of Hormuz, which Tehran has effectively blocked since the U.S. and Israel attacked Iran in ?February. The currency market reaction was constrained compared ?to other parts of the market as ?traders awaited comments from central bankers across the globe this week. The euro was at $1.159, just below the 10-day high of $1.1622 it touched on Monday. Sterling last bought $1.3413 in early trade on Tuesday. The dollar index , which measures the U.S. currency against six ?other units, was at 99.66. The index is up 2% since the conflict first erupted at the end of February ?in a volatile ?reaction to a fragile ceasefire and regular tit-for-tat attacks. Oil prices rebounded on Tuesday on concerns about the lack of details in a preliminary agreement ending the war between the U.S. and Iran and the realization the ?resumption of supply through the key Strait of Hormuz may take longer than ?thought. Brent crude futures gained 26 cents, or 0.3%, to $83.42 a barrel and U.S. West Texas Intermediate rose to $81.12 a barrel, up 46 cents, or 0.3%, as of 0108 GMT.......