The rupee advanced further by 37 paise to 50.50 against the American currency in the late morning trade due to persistent selling of dollar by banks and exporters in view of sustained foreign capital inflows amid firm equity markets.
The rupee resumed higher at 50.65/66 per dollar at the Interbank Foreign Exchange (Forex) market against the last Friday’s close of 50.87/88 per dollar and shot up further to 50.50 before quoting at 50.60/61 per dollar at 10.30 am.
The domestic currency hovered in a range of 50.50 per dollar and 50.70 per dollar in the morning deals.
