The rupee rose 10 paise to 44.94 per US dollar at the Interbank Foreign Exchange market today, supported by a rally in the domestic stock market and dollar’s weakness against the euro overseas.

Forex dealers said a higher opening in the stock market and the dollar’s losses against the euro and other currencies kept the rupee sentiment firm.

The domestic unit lost 9 paise to close at Rs 45.04/05 per dollar in the previous session on fresh dollar demand from importers.