The partially convertible rupee was at 44.82/83 per dollar as it was little unchanged from Tuesday’s close of 44.84/85. During the Wednesday trading, rupee has swung between 44.8025 and 44.8700.

The Indian benchmark share index was up 0.01% after increasing 0.7% in early trades before falling.

The euro was at $1.4401 and the index of the dollar rose against the six major currencies by 0.13% and was at 74.643 points. On Tuesday, during the close of the domestic currency market, euro was at $1.4357 and the dollar index at 74.823 points. Market analysts have predicted that the sharp rise in the value of rupee is unlike to affect the euro.

In the New York market, the US dollar fell against the euro in afternoon trading yesterday following the remarks by Greece's newly appointed finance minister that Greece must pass its latest severity plan a few weeks earlier than analysts have been expecting.

On Wednesday, the Greek government has won a vote of confidence and now it is making plans to pass its severity plan to secure a new bailout from the European Union and IMF.