The Indian rupee strengthened against the U.S. dollar in the morning deals on Wednesday, as investors resorted to bargain hunting, following the steep losses in the previous session.

The benchmark BSE Sensex index is currently up 161.82 points or 0.63 percent at 25,778. The broader Nifty index is also currently up 40.35 points or 0.51 percent at 7,883.

Against the greenback, the rupee rose to an 8-day high of 65.7000 from an early low of 65.9400. At yesterday's close, the rupee was trading at 65.9650 against the greenback.

If the rupee extends its uptrend, it is likely to find resistance around the 65.00 area.

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