Reuters Market Eye - Rupee continues to trade stronger at 54.53/54 versus its previous close of 54.68/69, helped by gains in the domestic sharemarket and tracking losses in the greenback versus the euro and some other Asian currencies.
Domestic shares trading up 0.3 percent.
Traders are awaiting a critical vote on foreign direct investment in multi-brand retail due in the lower house of parliament later in the day.
The pair is expected to break below 54.25 and gradually below 54 if FDI is approved.
The euro climbs to a seven-week high against the dollar, boosted by efforts to tackle the debt problems of Greece and Spain, while the dollar under pressure from expectations of new bond buying by the Federal Reserve.
Glencore speeds up debt reduction with Australian copper mine deal
MELBOURNE Glencore Plc has agreed to sell all the gold and a 30 percent stake in its Ernest Henry copper mine in Australia to Evolution Mining for A$880 million ($670 million), advancing the Swiss giant's effort to pay down debt.
Gold steady as investors await U.S. rate hike clues
Gold was trading in a narrow range on Wednesday as investors waited for clues on whether the U.S. Federal Reserve would hike interest rates this year.
Asia stocks cement gains after recent rally, oil slips
HONG KONG Asian stocks consolidated recent gains on Wednesday, helped by Wall Street's rise overnight, even as oil prices slid after a surprise build in U.S. crude stocks.