Reuters Market Eye - The rupee was trading at 61.62/63 against the dollar versus its close of 61.8350/8450 on Tuesday as the U.S. debt deal goes through, helping the world's largest economy avert an immediate default.
Traders expect the pair to hold in a 61.25 to 61.85 range during the day.
Broad gains in the dollar are expected to limit a very sharp fall in the pair.
The BSE Sensex was also trading up just 0.2 percent in pre-open trade.
Financial markets were closed on Wednesday for a local holiday.
(Reporting by Swati Bhat)