global market cues supported by the rising optimism that the US senate and Whitehouse will come up with budget deal avoiding the fiscal cliff.
"The Euro and GBP strengthened against dollar on risk on sentiments in global markets."
The premium for the forward dollar ended narrowly mixed.
The benchmark six-month forward dollar premium payable in May eased to 164-166 paise from last close of 165-167 paise.
However, Far-forward contracts maturing in November edged up to 308-310 paise from 307-309 paise.
The RBI has fixed the reference rate for the US dollar at 55.2020 and for euro at 71.4700.
The rupee shot up further against the pound sterling to 87.85 from previous close of 88.83 and also hardened against the euro to 71.24 from 71.78.
It remained strong against the Japanese yen to end at 66.81 per 100 yen from Tuesday's close of 67.58.