The rupee moved both ways against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee was inert versus the dollar for buying at Rs 133.98 while the national currency gained three paisas for selling and Rs 134.00, dealers said.
In the third Asian trade, the euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks.
The rise in the euro and sterling led investors to take profits on the US dollar, which has retraced from a 16-month high.
The dollar index, a gauge of its value versus six major peers, traded at 97.05 on Wednesday, down 0.26 percent. The index hit a 16-month high of 97.69 on Monday.
The sell-off in the dollar has been due to the improved risk sentiment around a potential Brexit deal and not because of any deterioration in the fundamentals of the US economy. The euro and sterling constitute around 70 percent of the weight in the dollar index.
The dollar was trading against the Indian rupee at Rs 72.083, the greenback was available at 4.190 in terms of the Malaysian ringgit and the US currency was at 6.948 versus the Chinese yuan.

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Open Bid       Rs.134.00
Open Offer     Rs.134.50
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Bid Rate       Rs.133.98
Offer Rate     Rs.134.00
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