The Rupee opened weaker on Monday, with U.S. President Donald Trump's swings between tariff threats and softer China tones spurring volatility in risk sentiment and the dollar. Trump appeared to have reignited the trade war with Beijing on Friday, announcing additional 100% levies on China's U.S.-bound exports and new export controls on "any and all critical software" effective November 1. However, he struck a more conciliatory tone over the weekend, saying everything would be good and that the U.S. did not want to "hurt" China. U.S. equity futures rose on Monday after Trump's soft remarks on China, recovering from Friday's selloff. Futures indicated the S&P 500 Index would regain about half of its 2.7% drop from Friday. Volatility is likely to high in the near-term, with assets priced for perfection leaving room for both realised and implied volatility to pick up from current lows, MUFG Bank said in a note. The dollar index mirrored the choppy price action, last hovering just below 99. Asian currencies were mixed with the offshore Chinese yuan at near 7.1350 to the U.S. dollar. The Reserve Bank of India has been resolutely defending the 88.80 level on the dollar/rupee pair, keeping volatility muted. Over the past two weeks, the calm price action has reminded traders of the days of the RBI's tight grip on the currency. The U.S. dollar recovered from a selloff in early trade on Monday as investors hoped Washington may temper its latest escalation of the trade war with Beijing, while political developments in France and Japan undermined the euro and the yen. Market liquidity may be affected by holidays as the U.S. observes Columbus Day/Indigenous Peoples’ Day today, while Japan is also closed to mark Health and Sports Day. Against the yen, the dollar fetched 151.985 yen , up 0.5% as markets assessed the path ahead for neLiberal Democratic Party leader Sanae Takaichi after Komeito quit the ruling coalition on Friday, dealing a blow to her hopes to become the first female prime minister of the world's fourth largest economy. The euro stood at $1.1609 , down 0.1%, after the French presidency announced Prime Minister Sebastien Lecornu's new cabinet line-up on Sunday, reappointing Roland Lescure, a close ally of Emmanuel Macron, as finance minister. The offshore yuan traded at 7.137 yuan per dollar , tacking on 0.1% in early Asian trade. The Australian dollar fetched $0.6513 , rising 0.6% in early trade, while the kiwi traded at $0.57345 , up 0.3% . Sterling changed hands at $1.33415 , up 0.1% so far on the day. Oil prices clawed back some gains on Monday after hitting five-month lows in the previous session as investors hoped potential talks between the presidents of the U.S. and China could ease trade tensions between the world's two largest economies and oil consumers. Brent crude futures rose 87 cents, or 1.39%, to $63.60 a barrel by 0045 GMT after settling down 3.82% on Friday to the lowest since May 7.......