The Rupee opened stronger on Monday supported by lower oil prices after U.S. President Donald Trump paused ?strikes on Iran following two weeks of attacks. Oil prices had surged ?in recent days amid fears of supply disruptions sparked by tit-for-tat attacks involving the United States and Iran. Brent crude climbed to a high of $102 last week. The retreat in ?oil prices will be a major relief for the Indian rupee, considering India's ?heavy reliance on crude imports. On Friday, the rupee was on the verge of slipping past ?97 ?per dollar, a level that would have taken it to an all-time low. Reserve Bank of India intervention helped lift the rupee, and the pullback in oil is expected to provide further support. The rupee is expected to ?draw further support from ?robust dollar inflows, ?which bolster the RBI's ability to smooth volatility in the currency market. The dollar slumped against its major peers at the start of Asian trading on Monday after the U.S. paused ?its bombing campaign in Iran during the weekend, prompting a drop ?in oil prices and boosting global investor confidence. Against the yen , the U.S. dollar was down 0.2% at 163.585 yen, its biggest decline since July 10. The euro was ?up 0.2% at $1.1397, while the British pound rose by a similar ?magnitude to $1.3353. In other major currencies, the New Zealand dollar was 0.3% higher at $0.5802, while its Australian counterpart climbed 0.2% to $0.6997. The dollar index which ?measures the greenback against ?a basket of ?six currencies, slipped 0.25% to 101.23 at the start of a week packed with central bank meetings, including that ?of the Federal Reserve. Traders have increased their bets that ?the Federal ?Reserve could raise interest rates at its upcoming policy meeting, although the overall odds are little changed from Friday. Fed funds futures are pricing an implied 36.3% ?probability ?of a 25-basis-point hike at the next two-day ?meeting ending on Wednesday, according to the CME Group's FedWatch tool. Oil prices tumbled 4% on Monday after the U.S. ?and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude futures fell $3.96, or 4.1%, to $92.82 by 0329 ?GMT after briefly slipping under the key support level of $90 earlier in the session.......