The Rupee opened steadier on Wednesday, driven by lower oil prices and improved risk appetite amid hopes ?of a resumption of U.S.-Iran peace talks. Brent crude for June delivery slipped to $94.40 a barrel in Asian ?trade, extending a 4.6% decline from the previous session, on ?expectations that peace talks between the United States and Iran ?could resume. The contract had surged to around $104 on Monday after ?negotiations collapsed over the weekend. Talks aimed at halting the conflict could restart in ?Pakistan over the next two days, U.S. President Donald Trump said on Tuesday, after the breakdown in negotiations prompted Washington to impose a blockade on Iranian ports. The ?renewed diplomatic push has lifted optimism that the conflict could be ?resolved, potentially restoring disrupted crude oil and fuel flows. Oil has witnessed a sizeable pullback, ?and the rupee "will ?respond", a currency trader at a private sector bank said. The rupee "has broadly settled" in a range near the 93 level, and "you can count on a range of 92.80-93.50 for the time being", he added. The U.S. ?dollar lingered near six-week lows on Wednesday, surrendering nearly all the gains it ?had made since the Middle East war erupted as hopeful signs of another round of talks between the U.S. and Iran lifted risk appetite. Tehran has effectively shut the Strait of Hormuz, a crucial waterway for a ?fifth of global oil and gas shipments, since the U.S.-Israel war with Iran began ?on February 28, a move that has sent oil prices surging and ?dampened investor sentiment. Washington imposed a blockade on Iranian ports after the collapse of weekend negotiations ?but hopes grew as U.S. President Donald Trump said on Tuesday talks to end the war ?could resume in Pakistan in the coming days. The euro bought $1.1793, hovering near its highest since March 2. Sterling was at $1.3574. The dollar index , which measures the U.S. currency against six units, was at 98.109, near its ?lowest in over six weeks. Brent crude futures fell 0.28% to $94.52 a ?barrel after tumbling 4.6% ?in the previous ?session. U.S. West Texas Intermediate crude was down 0.7% to $90.64 after dropping 7.9% on Tuesday. That spurred a risk-on rally across asset classes with stocks ?surging and the risk sensitive Australian dollar hitting its highest level ?since March ?12. The Aussie was steady at $0.7124 in early trading. The ?Japanese yen was little changed at 158.88 per U.S. dollar in early trading. Bitcoin was 0.6% higher at $74,612, just below ?the two month high it touched on Tuesday. Oil prices fell for a second day ?on Wednesday on expectations peace talks between the U.S. and Iran may resume and eventually release supply from the key Middle East producing region trapped by the closure of the Strait of Hormuz. Brent crude futures fell 52 cents, or 0.55%, ?to $94.27 a barrel at 0054 GMT after falling 4.6% in the previous session. U.S. West Texas ?Intermediate crude was down $1.04, or 1.1%, to $90.24 after dropping 7.9% the session before.......