The Rupee opened slightly stronger on Tuesday, boosted by a pullback in oil prices after U.S. ?President Donald Trump said the Iran war would be over soon, ?bringing relief to investors worried about prolonged disruptions to energy supplies. The 1-month non-deliverable forward indicated the rupee will open in the 91.90-92.00 range versus the ?U.S. dollar, having dropped 0.64% on Monday to 92.3275. Brent crude ?futures slid more than 10% on Tuesday to around $88.50, sharply off ?the panic high of $119.50 seen the previous day. Fears ?of prolonged Persian Gulf supply disruptions are receding after Trump’s ?comments, ING Bank said, though it cautioned that his words "will only go so far" ?unless ?oil flows through the Strait of Hormuz resume. In response to Trump, Iran's Revolutionary Guards said they would determine when the war is over and that Tehran would not allow "one litre of oil" to ?be exported from ?the region if ?U.S. and Israeli attacks continued. Supported by the drop in oil prices, risk assets rallied, with U.S. ?equities recovering and Asian shares following suit. U.S. ?Treasury yields ?and the dollar index slipped. Indian equities were poised to open on a positive note. The dollar lost some of its safe-haven appeal on speculation that the war in the Middle East could prove limited on Tuesday, pulling down skyrocketing ?oil prices and boosting risk assets. At 157.73 yen and $1.1632 per euro , the ?greenback was firm in early Asia trade, but it has retreated from day-earlier highs after U.S. President Donald Trump said war against Iran was "very complete." Washington was "very far ahead" of his initial four- to five-week ?time estimate, he told CBS News. The risk-sensitive Australian dollar , ?which has loitered around 70 cents since war broke out, steadied at around $0.7068. The dollar has been traders' ?shelter-of-choice as ?U.S. and Israeli attacks on Iran have all but frozen oil and gas exports through the Strait of Hormuz, sending energy prices soaring.Sterling ?recovered from a ?Monday dip to hold at $1.3412 and the New Zealand dollar steadied at $0.5932. A Deutsche Bank analysis on Monday suggested larger market moves out of ?risky assets could require oil prices to stay at higher levels, a ?policy pivot ?from central banks and tangible signs of a broader economic slowdown. Oil ?prices fell on Tuesday after hitting their highest level in more than three years in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies. Brent futures ?fell $6.51, or 6.6%, to $92.45 a barrel at 0018 GMT, while U.S. West Texas Intermediate (WTI) crude was ?down $6.12, or 6.5%, to $88.65.......
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