The Indian rupee advanced by another 12 paise to 44.45 against the US dollar in the early trade on persistent selling of dollars by banks and exporters in view of sustained capital inflows from foreign funds.
The rupee resumed higher at 44.50/51 per dollar at the Interbank Foreign Exchange (Forex) market as against the last weekend's level of 44.57/58 per dollar and moved up further to 44.45 per dollar before quoting at 44.46/47 per dollar at 1030hrs.
It moved in a range of 44.45 and 44.55 per dollar in the morning trade.
Persistent capital inflows from foreign funds into equity market mainly boosted the rupee value against the dollar, a forex dealer said.
The Bombay Stock Exchange benchmark Sensex firmed up by 88 points, or 0.47%, in the early trade.
In Sydney, the euro gained against the dollar during Asian trading hours in the early trade, as concerns about Greece eased, and as traders eyed interest-rate decisions from central banks across Europe and Asia this week.
