Reuters Market Eye - The rupee is trading at 61.23/24 versus its Tuesday's close of 61.31/32.
Gains in the domestic share market help the Indian unit.
The Nifty rises 0.8 percent.
Traders expect ranged trading to continue in the holiday-shortened trading week.
Markets to remain closed on Thursday and Friday on account of Diwali.
Also Read
Most other Asian currencies also trading stronger compared to the dollar.
(Reporting by Swati Bhat)