The Rupee closed stronger on Wednesday, supported by a weaker dollar ahead of an expected U.S. Federal Reserve rate cut and upbeat sentiment from trade talks with Washington. The rupee sank to a record low of 88.4550 last week on worries over steep U.S. tariffs but has since gained 0.2% this week, aided by upbeat U.S.-Indiatrade talks and expectations of imminent Fed easing. Meanwhile, money markets are fully pricing in a 25 basis point cut by the Fed later in the day with focus on remarks from Fed Chair Jerome Powell and policymakers' updated economic and interest rate projections. The dollar edged higher against the euro on Wednesday, rebounding from a four-year low hit in the previous session, as investors awaited a widely expected Federal Reserve interest rate cut later in the day. Major currency pairs held to tight ranges, with traders reluctant to take big positions before guidance from the Fed on the policy outlook. The euro was 0.2% lower against the dollar at $1.18485, after rising to a high of $1.18785, its strongest since September 2021, on Tuesday. The dollar index , which measures the U.S. currency against six others, was up 0.1% at 96.76. The dollar's sharp losses in recent days on rising expectations for rate cuts mean the buck could see a near-term rebound if the Fed signaled more caution with rate cuts going forward, analysts said. The Japanese yen firmed to 146.205 per dollar, its strongest in eight weeks ahead of a Bank of Japan meeting, where the central bank is expected on Friday to stand pat on rates. Against the yen the dollar was last down 0.13% at 146.285. Oil prices eased on Wednesday, after rising more than 1% in the previous session, as investors assessed Russian supply risks following Ukrainian drone attacks on energy infrastructure. Brent crude futures were down 27 cents, or 0.4%, to $68.20 a barrel by 1249 GMT, while U.S. West Texas Intermediate crude futures were down 31 cents, or around 0.5%, to $64.21 a barrel.......