Reuters Market Eye - Rupee trading at 55.86/87 after rising to 55.82 intraday high versus its 55.95/96 close on Tuesday.
Euro supported on hopes the U.S. Federal Reserve will adopt further monetary stimulus.
Senior dealer with private bank says some dollar selling from state-run banks seen, though not expected to be tied to any potential intervention.
Low volumes magnifying price action, traders add.
Local stocks now up 0.4 percent.
