The rupee was up by 12 paise to 45.20 against the US dollar in the early trade today on persistent dollar-selling by exporters amid a rise in the equity market.

At the Interbank Foreign Exchange market, the domestic unit opened higher at 45.30/31 a dollar against the previous close of 45.32/33 and shot up further to 45.20 per dollar. At 10.30 a.m., the rupee was quoting at 45.26/27 per dollar. It moved in a range between 45.20 and 45.35 per dollar during the morning deals.

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