Asian currencies dipped on Thursday as the US dollar strengthened following a modest overnight pullback. Escalating Middle East conflict and soaring oil prices dampened investor sentiment. The US Dollar Index Futures rose 0.3%. Oil prices surged sharply this week, pressuring economies reliant on energy imports. The Indian rupee rebounded from a record low, climbing after plunging to 92.31 rupees against the dollar, partly due to mild dollar inflows and Reserve Bank of India support. The Strait of Hormuz remains a critical risk point for oil shipments.