The rupee was trading at 61.45/46 versus its close of 61.31/32 on Tuesday with investors awaiting the outcome of the US Federal Reserve's meeting due later in the evening.
Local shares trading up 0.3 per cent. Most Asian currencies trading weaker compared with the dollar. Traders expect the pair to hold in a 61.30 to 61.60 range during the rest of the session.
The dollar touched a one-week high against a basket of major currencies on Wednesday as investors further trimmed bearish positions ahead of the outcome of the Federal Reserve policy meeting.
