The Rupee opened stronger on Wednesday, aided by a further drop in oil prices, though weakening in ?Asian currencies ahead of the Fed decision may cap the ?advance. Brent crude tumbled 5% on Tuesday to ?below $80, taking losses over four sessions to about 15% on expectations ?a U.S.-contract is at its lowest since the first week of March, ?roughly only $7 above the pre-conflict level. The rupee has ?climbed about 1.2% in ?the last six sessions, ?helped by the slide in oil prices, a major boost for net energy importer India. However, the currency has struggled ?to sustain moves past the 94.50 level over ?the last ?two sessions. Traders said that threshold may remain a hurdle on Wednesday, pointing to weakness in Asian currencies. Focus is firmly on the Federal Reserve’s ?first ?policy decision under Chair Kevin Warsh, where ?rates are widely expected to be left unchanged, though the statement, economic projections and press ?conference will be closely scrutinised. The dollar eased on Wednesday ahead of the Federal Reserve's first policy decision under ?Chair Kevin Warsh, with lingering optimism over an interim U.S.-Iran peace deal underpinning risk appetite and dampening ?demand for the U.S. currency. Moves in currencies were largely subdued in the early Asian session, with investors hesitant to take on large ?positions ahead of the Fed's rate outcome later in the day. The euro steadied at $1.1611 while sterling was little ?changed at $1.3430. The New Zealand dollar edged slightly higher to $0.5833. The yen last stood at 160.43 per dollar, leaving traders on alert for any potential intervention from Japanese authorities to shore up the ailing currency. The BOJ on Tuesday raised interest ?rates to a 31-year high ?in a landmark step in ?its policy normalisation, signalling readiness to tighten further as it focuses on taming price pressures from the Iran-war-induced energy shock. Elsewhere, the Australian dollar was flat ?at $0.7066. The Reserve Bank of Australia held its cash rate steady at 4.35% on Tuesday, saying the economy was slowing in the face of tighter financial conditions ?but warning it might yet raise rates again if needed to control inflation. Tumbling crude prices on news that Iranian fuel may soon hit global markets promised inflation relief and pushed bond yields lower on Wednesday, while stocks and currencies were quieter ahead of ?Kevin Warsh's debut meeting as Federal Reserve chair. Brent crude futures dived below $80 to the lowest ?since the opening salvos of the U.S.-Iran conflict in March.......