The Rupee opened strong , aided by an uptick in its Asian peers, but traders reckon hedging demand from importers could limit the local unit's upside. Asian currencies rose between 0.1% and 0.6%, with the Korean won leading gains. The dollar index fell after the S&P Global US composite PMI output index fell to 50.9 in April from 52.1 in March. The index tracks the manufacturing and service sectors. A reading above 50 indicates expansion in the sector, while a reading below it indicates contraction. The reading for the current month shows growth in the services and manufacturing sectors combined cooled to a four-month low. Investors now await the advance GDP estimate for Jan-Mar, due to be released on Thursday. The dollar index was lower at 105.63, declining nearly 0.4% on Tuesday after data showed that U.S. business activity cooled in April to a four-month low due to weaker demand. Oil prices climbed over $1 per barrel on Tuesday due to a drop in the weakness in the dollar index, which reached its lowest point in over a week. Investor attention also turned away from West Asia tensions towards the overall state of the global economies. Jun futures (per barrel): $83.36 Tuesday vs $81.90 Monday. Gold prices were steady on Tuesday as concerns over heightened tensions in West Asia subsided. During the day, safe haven bullion touched a low point not seen in over two weeks. Investors anticipated crucial economic data to gain more insight into the interest rate trajectory by the US Fed. Jun gold futures (ounce): $2,342.10 Tuesday vs $2,346.40 Monday......