The rupee moved up by 13 paise to Rs 45.98 per US dollar in early trade today on mild selling of the American currency by banks and exporters in view of robust foreign capital inflows into the equity market and a firm opening in the domestic stock market.
The rupee resumed higher at Rs 46.05/06 per dollar at the Interbank Foreign Exchange market against its previous close of Rs 46.11/12 per dollar. It moved up further to Rs 45.98 per dollar before quoting at Rs 46.04/05 per dollar at 10.30 am.
The domestic unit hovered in a range between Rs 45.98 and Rs 46.10 per dollar in the morning deals.
Selling of dollar by banks and exporters on the back of foreign capital inflows into the equity market mainly boosted the rupee sentiment.
The Indian benchmark Sensex shot up by another 138 points or 0.82 per cent in the early trade today.
The US dollar had extended its gains against other major currency rivals in the New York market yesterday, recouping early losses following the Swiss National Bank’s move to set a floor on the euro exchange rate versus the Swiss currency.