Reuters Market Eye - The rupee is trading at 63.50/51 versus Tuesday's close of 63.28/29. Volumes are thin in holiday-shortened Christmas week.
Losses in local shares boosting hurt sentiment. The Nifty <.NSEI> ends down 1.1 percent.
Month-end dollar demand from importers also hurts.
Heavy dollar buying is seen from custodian banks, say traders.
(Reporting by Swati Bhat)