The rupee gained for a second consecutive session on Wednesday, tracking other Asian currencies, on expectations the US Federal Reserve would not move to hike interest rates at the end of its meeting later in the day. The dollar index against six major currencies closed at 84.74, up 0.74% from its previous close of 84.11.

''We expect the rupee to trade on a neutral to negative note against the dollar taking cues from positive economic data from US and strength in the dollar index,'' said Swastika Investmart.

''As seen on the daily chart, USD INR has bounced back from the horizontal resistance at the 61.35 mark and closed below the trend line resistance near the 61.11 mark. It is likely that the counter will head further downwards where 60.85 is a crucial support,'' it added.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.