The rupee resumed higher at 63.51 as against Tuesday's closing level of 63.57 at Interbank Foreign Exchange (Forex) and hovered in a range of 63.40-63.56 per dollar before quoting at 63.42 at 1000 hrs.

The rupee had lost 28 paise, or 0.44 percent, in last two days. In New York market, the dollar rose on Tuesday to its highest level against the Norwegian krone since July 2002 as weakening oil prices continued to weigh on the economies of major oil exporters.
    
Meanwhile, the benchmark Sensex was quoted higher by 33.14 points, or 0.12 percent, to 27,020.60 at 1000 hrs.

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