The Rupee opened steady on Wednesday and trade in a narrow range, with expectations of central bank support blunting pressure from slightly softer Asian cues. The rupee snapped a four-day losing streak in the last session, with bankers flagging possible support from the Reserve Bank of India, though there was no clarity over the extent and nature of the central bank's involvement. The currency rallied to nearly 90.10 intraday before importer demand, and to a lesser extent speculative dollar buying, surfaced. Before Tuesday's modest recovery, the currency had witnessed a near 1% drop in a span of two weeks. Meanwhile, most Asian currencies inched lower, while the dollar index hovered near 98.50. The focus will be on a busy slate of U.S. economic releases this week, which traders say will shape expectations for the Federal Reserve's rate path. MUFG Bank reckons that the upside on dollar, which it said was finding support at 98, remains constrained for now amid market expectations of further Fed rate cuts. Markets have thus far largely shrugged the U.S. intervention in Venezuela and the capture of President Nicolas Maduro. U.S. equities rallied on Tuesday, while U.S. Treasuries dipped. The dollar hugged tight ranges on Wednesday ahead of a slew of U.S. economic data that could set the tone for the Federal Reserve's rate outlook, something traders consider more consequential for currencies than ongoing geopolitical tensions. Currencies were largely subdued in early Asia trade, with the Australian dollar the main mover as it fell 0.3% to a session low of $0.6717 in the wake of inflation data which undershot expectations, though it soon clawed back those losses. Sterling was flat at $1.3502, while the Japanese yen was a touch stronger at 156.63.The euro edged 0.03% higher to $1.1692, having lost 0.3% in the previous session after data showed inflation slowed more than expected in some of the euro zone's biggest economies last month. Overall, currency traders were in a wait-and-see mode ahead of a batch of U.S. labour market data, with figures on private payrolls and job openings due later in the day, before Friday's closely watched nonfarm payrolls report comes due. Ahead of the outcome, the dollar index was little changed at 98.58, while the New Zealand dollar last bought $0.5784. Oil prices declined on Wednesday after U.S. President Donald Trump said Venezuela will be "turning over" 30 million to 50 million barrels of sanctioned oil to the United States. U.S. West Texas Intermediate crude (WTI) fell 78 cents, or 1.37%, to $56.35 a barrel by 0200 GMT, while Brent crude futures fell 61 cents, or 1%, to $60.09 a barrel.......