The Rupee will strengthen further on Wednesday, with a continued decline in oil prices on signs of progress in ?U.S.-Iran talks lifting the currency past the 95-per-dollar mark. The rebound has been underpinned by Brent crude's retreat from a ?recent peak of around $102 a barrel to $78.80. Regular intervention by the Reserve ?Bank of India and robust capital inflows linked to measures announced by the central bank in June have also supported the currency. Brent tumbled 5.2% on Tuesday and extended ?losses by another 1% in Asian trade amid comments from Qatari ?and U.S. officials that fuelled hopes of a diplomatic resolution to the five-month-long Iran ?conflict. Oil ?price moves have been one of the biggest drivers of the rupee and its near-term bias, a currency trader said. If the rupee is to hold on to its current level, oil prices need "to stay contained". India's central bank is expected to leave interest ?rates ?unchanged, with 68 of the 72 economists polled by Reuters forecasting a status quo. Currency markets paused for breath on Wednesday as pressure on the ?Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while ?the dollar held near six-week lows on fresh optimism over the Middle East. The yen was slightly firmer at 157.60 per U.S. dollar, after easing about 0.4% from Monday's high of 155.20 in the previous session. It remained well above recent 40-year lows of around ?164 per dollar. The U.S. dollar index which tracks the currency against six major peers, was little changed at ?99.85, struggling ?to find direction after hitting a six-week low on Monday. The euro was steady at $1.1533 and sterling traded flat at $1.3458 . The kiwi dollar was roughly down 0.3% at $0.5878 after New Zealand's unemployment climbed to a decade-high of 5.6% in the second quarter. Oil extended declines on Wednesday after steep falls in the previous two trading sessions, as investors waited ?to see if efforts to end the Iran war and restore traffic through ?the blockaded Strait of Hormuz were making progress. Brent crude futures dropped 92 cents, or about 1.2%, to $78.44 a barrel by 0330 GMT. They have tumbled more than 12% for the week thus far.......