Indian rupee has strengthened against US dollar on Wednesday. Local currency rose 11 paise or 0.16 percent against dollar to settle at 66.57.

Rupee has witnessed a high of 66.57 and a low of 66.84. Its 52-week range was 63.30-68.79.

The Dollar index, a measure of the value of the US dollar relative to a basket of foreign currencies, fell 0.28 percent to settle at 94.03.

Local stock markets ended higher on Tuesday. At the close, the benchmark 30-share index, BSE Sensex added 83.67 points or 0.33% to settle at 25,772.53 with 16 components posting rise. Meanwhile, the broad based NSE Nifty went up by 21.75 points or 0.28% to settle at 7,887.80 with 27 components registering rise.