Rupee developed by another ten paise to 64.11 against the U.S. dollar in future trade on Wednesday amid continued selling of the American currency by exporters.
The rupee opened active against the dollar on Tuesday, welcoming three paise overnight and a further 11 paise during the session.
Forex dealers said, Apart from weakness in the dollar against other currencies overseas, robust foreign fund inflows had supported the rupee, but weakness in domestic equities in early trade capped the gains.
A weaker auto sales data has appended to worries that the Federal Reserve may ultimately take a more dovish than expected view on rate hikes over the remainder of the year.
Market participants told that the dollar which sells was primarily due to foreign portfolio investors requiring to invest in Indian securities.
On Tuesday, the rupee had earned three Paise upon the U.S. dollar to end at 64.21 leading off the U.S. Federal Reserve’s agreement on the interest rate.
Meantime, the benchmark BSE Sensex rose by 99.41 points, or 0.33 percent, to 30,020.59 in early trade on Wednesday.
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