The Rupee closed weaker as it slid to its lowest in two weeks on Thursday as outflows worsened the hit from a hawkish tilt in Federal Reserve policy, which sent the dollar and U.S. Treasury yields higher. India's central bank likely stepped in intermittently, via state-run banks, to limit the rupee's losses but the intervention was not aggressive, traders said. Asian currencies were down between 0.1% and 0.5% after Federal Reserve Chair Jerome Powell signalled that October's cut may be the last one for 2025. Despite the guidance, money markets are currently pricing in a 68% chance of 25 basis point rate reduction in December, according to CME's FedWatch tool. The dollar index was steady in Asia trading after jumping 0.4% in the previous session. The U.S. 2-year Treasury yield was at 3.598% after rising 9 basis points on Wednesday. The Japanese yen tumbled against the U.S. dollar on Thursday after the Bank of Japan adopted a less hawkish tone than traders expected, while the greenback was boosted after Federal Reserve Chair Jerome Powell on Wednesday said a rate cut in December was not guaranteed. At a post-meeting press conference, Ueda also offered little detail on when the central bank could next raise rates, heaping pressure on the yen. The Fed cut rates, as expected, with two dissents. Governor Stephen Miran again called for a deeper reduction in borrowing costs, while Kansas City Fed President Jeffrey Schmid favored no cut at all given ongoing inflation. Fed funds futures traders are now pricing in 71% odds of a cut in December, down from around 85% before Powell’s comments. The dollar index was last up 0.35% on the day at 99.49 and reached 99.72, the highest since August 1. Against the Japanese yen , the dollar strengthened 0.98% to 154.21, the highest since February 13. The euro remained lower on the day after the European Central Bank kept interest rates unchanged at 2% for the third meeting in a row on Thursday and offered no hints about future moves. It was last down 0.2% at $1.1576 and reached $1.1546, the lowest since October 14. Sterling fell 0.23% to $1.3162 and reached its lowest level since April 14. It has weakened in recent days on rising expectations that the Bank of England will cut interest rates, though the British central bank is still seen as most likely to hold rates steady next week. Oil prices held steady on Thursday as investors assessed a potential trade truce between the United States and China after U.S. President Donald Trump lowered tariffs on China following a meeting with Chinese leader Xi Jinping in South Korea. Brent futures fell 4 cents, or 0.1%, to $64.88 a barrel at 11:28 a.m. EDT (1528 GMT), while U.S. West Texas Intermediate (WTI) crude rose 3 cents, or 0.1%, to $60.51.......