The Rupee opened steadier drawing support from the dollar's slide to a more than two-month low at Wednesday's open, while attention will turn to forward premiums after the Reserve Bank of India unveiled a $10 billion dollar–rupee swap. The rupee has moved in a holding pattern over the past two sessions after a notable recovery triggered by central bank intervention. The currency now has some distance from its all-time low of 91.0750 per dollar, while the dollar's ongoing struggles and positive risk sentiment are expected to provide additional support.  The dollar being on the back foot provides the rupee with additional breathing space. The dollar index fell to 97.75 in Asian trade, its lowest level in more than two months. The decline came despite data showing the U.S. economy expanded faster than expected in the third quarter. Analysts attributed the dollar's weakness to turn-of-the-year position adjustments and data that showed US consumer confidence fell to its lowest level since April.  The U.S. dollar was headed for its worst annual performance in more than two decades on Wednesday as investors wagered the Federal Reserve would have room to cut rates further next year even as some of its peers looked set to hike. Against a basket of currencies, the dollar fell to a 2-1/2-month low of 97.767, and was on track to lose 9.9% for the year, which would mark its steepest annual drop since 2003.  In contrast, the euro , which rose to a three-month high of $1.1806, is up just over 14% for the year thus far, putting it on track for its best performance since 2003. The European Central Bank stood patSterling was up at a three-month peak of $1.3531 and has gained more than 8% for the year. Investors are betting the BOE will deliver at least one rate cut in the first half of 2026, and place a roughly 50% chance on a second before the year-end. on rates last week and revised upwards some of its growth and inflation projections, in a move that likely closes the door to further easing in the near term. Gold surged past the $4,500-an-ounce mark for the first time on Wednesday, while silver and platinum also scaled record highs, as investors piled into precious metals on safe-haven demand and expectations that U.S. interest rates will fall further next year. Spot gold rose 0.1% to $4,492.51 per ounce by 0359 GMT, after touching a record high of $4,525.19 earlier in the session. U.S. gold futures for February delivery climbed 0.3% to a record high of $4,520.60. Oil prices steadied on Wednesday, after gaining in the previous five sessions, supported by robust U.S. economic growth and the risk of supply disruptions from Venezuela and Russia. Brent crude futures dipped 1 cent to $62.37 a barrel by 0326 GMT, while U.S. West Texas Intermediate crude added 1 cent to $58.39.