The Indian 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 U.S. 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.
Indian rupee at over one-week high to 60.30 against US dollar
The Indian rupee rose to its highest in more than a week on Wednesday, on heavy dollar selling by exporters and corporates, traders said.
The rupee rose to 60.30/31, a level last seen on April 21. At 9:17 am, the rupee was at 60.35/36 versus its close of 60.42/43 on Tuesday.
A higher start for local equities also supporting the rupee, traders said.
The market sees the rupee moving in a 60.15 to 60.45 range during the session.