The rupee was up 13 paise at Rs 47.42 to a US dollar in early trade today on persistent selling of dollars by banks and exporters in view of weakness of the American currency overseas and firmness in the domestic equity market.
The rupee resumed higher at Rs 47.50/51 per US dollar at the Interbank Foreign Exchange against the last closing level of Rs 47.55/56 per US dollar and shot up further to Rs 47.42 per US dollar before quoting at Rs 47.44/45 per US dollar at 1030 hours.