The Rupee closed stronger on Tuesday on a fall in oil prices, with expectations that regulatory measures will help ?India narrow its balance of payments deficit chipping away at the currency's ?bias towards persistent weakness. The rupee closed at 95.35 per dollar, up 0.4% from its close in the previous session. Asian currencies were mostly stronger as well, helped along by a ?drop of about 2% in Brent crude prices after Iran and Israel said ?on Monday that they had halted attacks on each other after ?an appeal from U.S. President Donald Trump. Tehran has continued to block most ?shipping through the Strait of Hormuz, which carried a fifth of the world's ?crude oil and liquefied natural gas before the war. Washington has imposed its own blockade of Iranian ports. Elevated oil prices have raised the risks confronting India's economy. Sterling rose against the dollar ?and hit a two-week high versus the euro on Tuesday as risk appetite improved ?and the U.S. currency eased on hopes for a Middle East peace deal. The pound is seen as a risk-sensitive currency, given Britain's reliance on global trade and capital flows. The pound fell sharply largely due to dollar ?strength, as expectations for higher U.S. rates and safe-haven demand increased amid escalating Middle East violence. On ?Tuesday, sterling rose 0.36% to $1.3385 , after hitting $1.33065 on Monday, its lowest since May 18. Bank of England policymaker Megan Greene said last week she saw a growing case for raising interest rates ?as the ?Iran war drags on and increases the risk of broader ?price rises across the economy. The euro was down 0.13% to 86.33 pence, after hitting 86.27 pence, its lowest since May 26. Oil prices fell about 3% ?to a seven-week low on Tuesday after Iran and Israel said they had halted attacks on each other following an ?appeal from U.S. President Donald Trump. Brent futures fell $2.80, or 3.0%, to settle at $91.45 a barrel. U.S. West Texas Intermediate (WTI) crude slid $3.10, or 3.4%, to settle at $88.20.......