The rupee advanced further by 16 paise to Rs 45.90 per US dollar in early trade today on persistent selling of the American currency by banks and exporters in view of dollar weakness in the overseas market.
The rupee resumed higher at Rs 45.95/96 per dollar on the Interbank Foreign Exchange, as against its previous close of Rs 46.06/07 per dollar, and moved up further to Rs 45.90 per dollar before quoting at Rs 46.01/02 per dollar at 10.30 a.m.
The domestic currency moved in a range between Rs 45.90 and Rs 46.05 per dollar in morning deals.