The rupee was up by 16 paise to 45.32 against the US dollar in the early trade today on fresh dollar-selling by exporters and corporates amid firm domestic equity markets and the dollar’s weakness overseas.
The domestic unit opened higher at 45.40/41 per dollar at the Interbank Foreign Exchange market against the previous closing level of 45.48/49 per dollar. It subsequently rose further to 45.32.
At 10.30 a.m., the rupee was quoting at 45.36/37. The rupee moved in a range between 45.32 and 45.42 per dollar in the morning deals.