The rupee fell to Rs 46.30 per US dollar in early trade today on good dollar demand from banks in view of dollar firmness in the overseas markets.
The rupee resumed steady at Rs 46.15/16 per dollar on the Interbank Foreign Exchange, as against its previous close of Rs 46.16/17 per dollar, but declined immediately to a nearly one-year low of Rs 46.30 per dollar before quoting at Rs 46.20/21 per dollar at 10.30 a.m.
The domestic currency moved in a range between Rs 46.15 and Rs 46.30 per dollar during the morning deals.