Rupee up by 11 paise
The rupee had depreciated by 3 paise to close at Rs 45.52/53 against the US dollar in the previous session on Tuesday on dollar demand from importers. The forex market remained was closed yesterday on account of Milad-un-Nabi.
Dealers said dollar weakness against other Asian currencies overseas supported the rupee sentiment, but a lower opening in the stock market capped the gains.
The Bombay Stock Exchange benchmark Sensex fell by 31.16 points to 18,269.74 in opening trade today.