The Rupee opened on a weaker note after recent market movements suggested it might come under ?further pressure, while struggling Asian currencies add to the weak ?outlook.The local currency's outlook turned negative after it fell nearly 1% last ?week, driven by arbitrage-related outflows, importers buying dollars for routine payments and ?a rally in the U.S. dollar on investors betting of ?a Federal Reserve rate hike.While the dollar's rally has paused following a softer-than-expected ?U.S. June jobs report, traders expect only limited relief for the rupee. The extent ?of pressure on the rupee can be gauged from the fact that lower crude oil prices have largely been discounted and that the currency is still at these levels ?despite RBI support, a currency trader at a bank said. The Indian rupee will have to contend with weakness in its ?Asian peers and a ?modest uptick in ?the dollar index. The market's focus this week will be on the minutes of the Federal Reserve's latest policy ?meeting in what is otherwise a relatively data-light calendar. The next ?major test ?for the dollar and expectations of a Federal Reserve rate increase later this year will be the U.S. June inflation report due on July 14. The U.S. dollar steadied near ?a two-week low on Monday as investors scaled back bets on a Federal Reserve rate hike this year, ?while the yen remained pinned near a 40-year low, keeping investors nervous about what Tokyo might do next. The euro was at $1.1435, not far from its strongest level in two weeks, while sterling last bought $1.3351. The dollar index , which measures the U.S. currency against six other units, ?was at 100.9 in early trading. The yen was at 161.57 per U.S. dollar, just off the 1986 ?low of 162.84 it touched last week, as traders remain nervous about possible intervention after a sudden surge in buying ?briefly lifted the currency on Thursday. The South Korean won firmed a touch on the first day of its historic ?24-hour onshore spot dollar-won trading. It was fetching 1,534 per dollar. The U.S. dollar clocked its biggest ?weekly drop last week since April after the U.S. payrolls report showed job growth slowed sharply in June, easing market expectations of a rate hike from the Fed. The yen remains firmly in ?the spotlight, hovering near a 40-year ?low as the threat ?of official intervention keeps traders on edge, even though analysts doubt any move by Tokyo would deliver lasting support. Oil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of ?Hormuz are recovering, potentially adding to global supplies. Brent crude futures slid 24 cents, ?or 0.33%, to $71.88 a barrel by 0010 GMT after settling 0.45% higher on Friday. U.S. West Texas Intermediate crude was at $68.58 a barrel, down 11 cents, or 0.16%. There was no settlement for WTI on Friday as ?U.S. markets were closed ahead of the Independence Day holiday on Saturday.......