The Rupee opened stronger on Monday after a U.S.-Iran peace deal knocked oil prices lower and ?spurred hopes that dollar inflows will return to Asia's third-largest ?economy. Asian ?equities and currencies advanced, while the dollar index and U.S. Treasury yields ?fell and oil prices tumbled after U.S. President Donald Trump and Iran's ?deputy foreign minister said they had reached a deal to end the war and reopen the Strait of Hormuz. Brent crude dived 4.5% to $83.40, the lowest level in more ?than three months. The critical question for markets is the durability of the ?peace deal and, by extension, the sustainability of the drop in oil prices, a ?currency ?trader at a bank said. If crude remains anchored near $80, the pressure created by equity outflows is likely to moderate, reinforcing expectations that portfolio flows could return, the trader added. The more than three-month war between the United ?States and Iran has ?cast a ?long shadow over the rupee, weighing on foreign appetite for Indian assets, inflating the country’s import bill and dimming ?the growth outlook. Amid persistent pressure on the rupee, the ?RBI ?announced a raft of measures at its recent policy meeting to bring in dollar inflows, including the revival of a 2013-type window to mobilise funds ?from non-resident ?Indians. The RBI's measures had already begun to ?build momentum behind the rupee, and the drop in oil prices could provide the complementary ?support needed. The U.S. dollar touched a 10-day low against its major peers on Monday as a ?preliminary agreement to end the war between the U.S. and Iran sent oil prices tumbling and boosted demand for riskier ?assets. The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland, but caution still lingered as markets awaited more details and as the ?fate of Iran's nuclear program was left for further negotiations. The euro stood at $1.1601 , up 0.3% so far in ?Asia, and sterling strengthened 0.2% to $1.3434 . The risk-sensitive Australian dollar fetched $0.7079 , up 0.6%, while the kiwi was up 0.4% at $0.5854 . The dollar index , which measures ?the greenback against a basket of currencies including the yen and the euro, was largely flat at 99.55 after hitting its weakest level since June 5 in earlier ?trades. The Japanese yen weakened to as much as 160.225, continuing to ?hover around ?the 160 level widely seen as a line in the sand for potential official intervention. Major central banks, including the Federal Reserve, the Bank of Japan and the Reserve Bank of Australia, will deliver rate decisions this week, with markets focused on whether prospects for a peace deal will ease their inflation concerns and influence the current tightening trajectory. The Federal Reserve is widely expected to hold rates in the current ?range of 3.5%-3.75% on Wednesday. Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel by 0004 GMT and U.S. West Texas ?Intermediate was at $80.87, down $4.01, or 4.72%. Both contracts tumbled more than 3% on Friday.......