The Rupee opened stronger on Monday, supported by spillover effects of the central ?bank's recent actions, though persistent oil-related demand and foreign equity selling could ?temper sentiment. The Indian currency jumped 1.8% last week, its best ?showing in over four years, after the Reserve Bank of India ?imposed position limits on banks and corporates, curbing the onshore-NDF arbitrage activity. Still, traders say the broader outlook for the rupee remains weak ?amid rising oil prices ?and continued foreign ?outflows, particularly from equities. On Sunday, Trump ratcheted ?up pressure ?on Tehran, threatening in an expletive-laden Easter Sunday social media post to target Iran's power plants and bridges on Tuesday if the strategic Strait of Hormuz is ?not ?reopened. - The dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level as nervous investors took ?stock of the escalating Iran war, with all eyes on the latest deadline from U.S. President Donald Trump to reopen Strait of Hormuz. With most of Asia and Europe closed for holiday on Monday, liquidity is likely to be thin, although risk-off sentiment has broadly set in at the ?start of the week. The euro eased 0.13% to $1.151 in early trading, while sterling last fetched $1.3187. ?The dollar index , which measures the U.S. currency against six rivals, was at 100.2. The Australian dollar was 0.13% higher at $0.6893, wobbling near the two-month low it hit last week. Global markets have been rattled since the U.S.-Israel war with Iran broke out at the end of February, with Tehran effectively closing the Strait of Hormuz, a key waterway that carries about ?a fifth of the world's total oil consumption. That has led to oil prices surging well above $100 per barrel, stoking fears of high inflation and upending ?rates outlook across the world. Worries about the hit to economic growth has also weighed as stagflation risks swirl. Traders are now no longer pricing a move from the Federal ?Reserve well ?into the second half of 2027 compared with expectations of two rate cuts in 2026 at the start of the year. The Japanese yen weakened to 159.77 per U.S. dollar, not far from the 21-month low it hit last week ?as traders watch ?out for indications of Tokyo intervening in the wake of volleys of strong warnings from officials in the past few days. Still, many doubt the firepower of ?any intervention ?at a time when geopolitical turmoil in the Middle East is fuelling relentless demand for the ?safe-haven dollar. The yen is down 1.5% since the war started, stuck near the 160 level. Speculators have also been adding to their short yen positioning, with the latest weekly data showing a ?short position worth $5.7 billion, the highest since July 2024, when Japan last intervened in the FX markets. Gold prices fell on Monday, pressured by ?a stronger dollar as elevated oil prices on the back of a protracted Iran war and stronger-than-expected U.S. jobs data dampened hopes for interest rate cuts by the Federal Reserve. Spot ?gold slipped 0.9% to $4,631.69 per ounce by 0306 GMT, while U.S. ?gold futures for April delivery lost 0.5% to $4,657.50 in thin liquidity ?trade, with many markets in Asia and Europe closed for a holiday.......