 "Rupee off lows as foreign banks sell dollars")
The rupee is trading at 59.72/73 versus its Tuesday close of 59.78/79 and off the session low of 59.9350 on heavy dollar selling by foreign banks. But further fall is likely to be averted ahead of the budget on Thursday.
The economy is expected to grow by between 5.4% and 5.9% in the current fiscal year, the economic survey said on Wednesday.
Most Asian currencies are also trading stronger versus the dollar.
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Traders will monitor the domestic sharemarket for clues on the direction of foreign fund flows. The Nifty is down 0.5% currently.
USD/INR is seen moving in a 59.60 to 60.00 range during the session, with strong support seen for the pair at 59.65 levels, dealers say.