The rupee closed weaker on Monday, snapping a three-session winning streak as dollar demand from local firms and the non-deliverable forwards market eroded an intervention-led rally, though the currency held on the stronger side of 90 per dollar. The rupee ended at 89.65 per dollar, down 0.4% from its closing level in the previous session. The currency had gained over the last three sessions to touch a near one-month peak of 89.25 on Friday. Dollar-rupee forward premiums extended gains, with the one-month premium surging to 47 paisa and the one-year implied yield jumping about 20 basis points to 3.05%, both at multi-year highs. Excess dollar liquidity, position unwinding and hedging demand in the non-deliverable forward market have driven the move, traders said. Looking ahead to next year, analysts at MUFG reckon that while the dollar is no longer as overvalued, it can still weaken further. The dollar index is on course to end the year lower by 9%. The yen traded near record lows against the euro and Swiss franc on Monday as the lack of hawkish signals from the BOJ emboldened traders to sell the currency, even as Japanese officials stepped up warnings about intervention. The yen also hovered near an 11-month low against the dollar. Short-dated Japanese government bond yields, meanwhile, hit record highs in the wake of the BOJ's decision on Friday to raise rates by a quarter of a point to a three-decade high of 0.75%. One of the drivers of yen weakness in recent weeks has been new Prime Minister Sanae Takaichi's spending plan to boost growth and the impact that might have on Japan's already strained finances. Against that backdrop, the yen was flat against the euro , which hit a record high of 184.92 yen, while the Swiss franc rose as much as 0.2% to a record 198.4 yen. Ueda is due to speak at Japan's Keidanren business lobby on December 25, which may offer markets another opportunity to parse any policy clues. The U.S. dollar edged down 0.2% to 157.395 yen , but remained close to last month's high of 157.90. Elsewhere, the euro rose 0.21% against the dollar to $1.1738, breaking a four-day fall last week. The European Central Bank left euro zone rates unchanged and effectively closed the door on rate cuts any time soon. The decision had been widely expected and ECB President Christine Lagarde has said numerous times the central bank is "in a good place" on monetary policy. The pound was up 0.46% against the dollar at $1.344, having ended the previous week fairly flat after the Bank of England cut rates, but suggested there may not be many more in the pipeline, given inflation remains well above the central bank's target. Sterling has risen 1.1% so far this month, bringing the gain for the year to around 7%. Oil prices rose on Monday after the U.S. intercepted an oil tanker in international waters off the coast of Venezuela and tensions in Russia's war against Ukraine remained high, with both developments raising fears of supply disruption. Brent crude futures gained $1.31, or 2.17%, to $61.78 a barrel by 1316 GMT. U.S. West Texas Intermediate crude rose by $1.25, or 2.2%, to $57.77.......