The Indian rupee advanced by 19 paise to 61.11 against the dollar in the late morning trade on selling of the US currency by banks and exporters amidst volatile equity market.
The rupee resumed higher at 61.20 per dollar as against the yesterday’s closing level of 61.30 per dollar at the Interbank Foreign Exchange (Forex) Market.
However, it dropped to 61.40 per dollar on demands from banks and importers on the back of higher dollar in international market before recovering immediately to 61.11 per dollar at 1040 hrs.
It moved in a range of 61.11 per dollar and 61.40 per dollar during the morning deals.
In the global market, the US dollar turned higher against the Japanese yen in the early trade, following Chinese trade figures that outstripped market expectations.
Meanwhile, the Indian benchmark sensex moved up by 29 points or 0.15 per cent to 18,693.74 at 1045 hrs.