The rupee was trading strong by 15 paise against the US dollar at Rs 62.16 in the evening today on sustained bouts of dollar selling by banks and exporters.
The Indian currency resumed higher at 62.14 against yesterday’s close of 62.31 at the Interbank Foreign Exchange (Forex) market here.
It further strengthened to Rs 62.04 on good bouts of dollar selling from banks before quoting at 62.16 at 4.05 pm local time.
The local currency hovered in a range of 62.21-62.04 per dollar during the afternoon trade.
In New York market, the US dollar was on the defensive against a basket of currencies in early trade after soft US economic data halted its surge against peers such as the yen and euro, while the market awaited further developments in Greek debt negotiations.
Meanwhile, the 30-share BSE index Sensex surged 289.83 points or 1.01 per cent to 29,094.93.