Rupee higher, tracking gains in other Asian markets

Reuters Market Eye - The rupee edges up to 54.07/08 versus its close of 54.135/145 on Tuesday, tracking the dollar's losses versus most other Asian currencies and on continued dollar selling by corporates.

Most Asian currencies trading firmer versus the dollar.

Domestic shares trading up 0.34 percent.

Dealers say expectation of continued heavy dollar selling by a clutch of foreign banks which they said was likely related to Qatar's purchase of a 5 percent stake in telecommunications company Bharti Airtel Ltd for $1.26 billion is seen weighing on the pair.

(Reporting by Swati Bhat)