The Rupee opened steady on Monday, with traders expecting the currency to trade with a slight depreciation bias after falling past the 90 per dollar mark last week. The South Asian currency has been steeped in a downtrend over the last few weeks, pressured by dwindling dollar flows into the economy, which alongside a limbo in U.S.-India trade negotiations, contributed to pushing it to an all-time low of 90.42 last week. Traders reckon that the pressure on the rupee is expected to linger unless there is a breakthrough in trade talks or portfolio inflows pick up. Foreign investors have net sold $1.3 billion of Indian stocks so far in December, parking the year-to-date outflow tally at $17.7 billion. MUFG expects the rupee to decline to the 90.80 level by the July-September quarter in 2026, assuming a trade deal is struck early next year, bringing tariffs down to 25% from 50%. Elsewhere, the focus this week is on the U.S. Federal Reserve's final policy meeting for 2025 on Wednesday, where the central bank is widely expected to cut rates by 25 basis points. On Monday, the dollar index was a tad lower while broader FX markets were largely subdued heading into a week crammed with central bank meetings across Australia, Switzerland and Canada. The U.S. dollar steadied on Monday after two weeks of selling, ahead of a week crammed with central bank meetings and headlined by the U.S. Federal Reserve, where an interest rate cut is all but priced in but a divided committee makes for a wild card. The euro , which has been trading in a reasonably tight range since June, hovered at $1.1644. The yen , which has found a footing after sliding through November, traded at 155.28 a dollar. The Australian dollar traded just below last week's two-and-a-half-month high at $0.6640, taking a breather after having rallied through 200-day and 50-day moving averages in recent weeks as markets swung away from expecting rate cuts. The Reserve Bank of Australia meets on Tuesday after a run of hot data on inflation, economic growth and household spending. Futures implying the next move will be up and possibly as soon as May, leaving the focus on the post-meeting statement and media conference. The currency was marginally weaker at C$1.3829 early on Monday. The New Zealand dollar idled at $0.5779, while the Swiss franc edged 0.1% lower to 0.8045 per U.S. dollar. Subdued inflation is seen keeping Switzerland's policy interest rate at 0% for a while. Sterling was pinned near its 200-day moving average at $1.3324, while China's yuan was taking a breather at 7.068 a dollar in offshore trade.A hold is widely expected in Brazil, where the policy rate is at 15%, with a possible nod towards a cut next quarter. Oil prices hovered at two-week highs on Monday as investors expect a Federal Reserve interest rate cut this week that will lift economic growth and energy demand while eyeing geopolitical risks that threaten oil supplies from Russia and Venezuela. Brent crude futures rose 4 cents, or 0.06%, to $63.79 a barrel by 0008 GMT, while U.S. West Texas Intermediate crude was at $60.15 a barrel, up 7 cents, or 0.12%.......