Reuters Market Eye - The rupee reverses direction to trade at 60.48/49 versus its previous close of 60.45/46.
Traders say good dollar buying from state-run banks seen likely on behalf of oil importers to meet month-end demand.
Shares <.NSEI> trading up 0.15 percent in cautious trade ahead of the long weekend. Flows remain in focus.
Financial markets to remain closed on Friday for a local holiday.
Most Asian currencies trading stronger against the dollar.
(Reporting by Swati Bhat)