The Indian rupee moved up by 15 paise to 62.27 against the American currency in late morning trade on Friday on selling of dollars by banks and exporters due to its weakness in overseas market amidst firm equity. Sustained foreign capital inflows into equity market also boosted the rupee's value against dollar. The Indian unit resumed higher at 62.25 per dollar as against the last closing level of 62.42 at the Interbank Foreign Exchange (Forex) Market. It was quoted at 62.27 per dollar at 10.45 am after moving in a range of 62.25 and 62.36 per dollar during the morning deals. In New York market, the dollar lost ground against most of its major rivals on Thursday after readings on retail sales and employment came in weaker than expected. Meanwhile, the BSE Sensex moved up by 19.70 points, or 0.10 per cent, to 20,213.05 at the same time.

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