Indian rupee remained higher against US dollar on Wednesday. Local currency went up 2 paise or 0.03 percent against dollar to trade at 63.90. Rupee has witnessed a high of 63.85 and a low of 63.93. Its 52-week range was 60.05-64.30.

The Dollar index, a measure of the value of the US dollar relative to a basket of foreign currencies, gained 0.01 percent to trade at 96.78.

Commenting on the currency outlook, Emkay Commotrade said, ''The two-day Fed meeting starts today. The U.S. central bank is widely expected to leave rates unchanged, but cues as to when the authority will move to tighten policy will be watched.

Though dollar have eased down to 96 levels but selling dollar ahead of FOMC meeting remains risky today. Immediate support is at Rs 63.60 while upside target at Rs 64.20.''