The rupee is trading at 60.36/37 after rising as high as 60.2650, a level last seen on April 21. The pair had closed at 60.42/43 per dollar on Tuesday.
The pair was off the day's lows, tracking falls in local stocks and short-covering by banks amid caution before the US Fed's policy meet outcome later in the day.
USD/INR seen in a 60.30 to 60.45 range until the end of the session.