Reuters market Eye - The rupee continues to trade stronger at 62.18/19 versus its close of 62.30/31 on Tuesday, tracking gains in the domestic share market.
The BSE Sensex ends up 0.17 percent.
Traders expect the USD/INR pair to move towards 62.05 levels in late trade once oil demand reduces.
Almost all Asian currencies trading stronger versus the dollar.
(Reporting by Swati Bhat)