The Indian rupee was up by 12 paise at 45.08 per US dollar in early trade today on sustained dollar-selling by exporters and corporates amid weakness of the American currency overseas.
At the Interbank Foreign Exchange, the domestic unit opened slightly higher at 45.19/20 per dollar as against last Friday's close of 45.20/21 per dollar. It moved up further to 45.08 per dollar before quoting at 45.10/11 per dollar at 1030 hours.
The rupee moved in a range between 45.08 and 45.21 per dollar in morning deals.
Sustained selling of dollars by exporters and some banks and a better opening in the stock market kept the rupee sentiment firm, a forex dealer said.
The Indian benchmark Sensex was trading higher by 25.64 points, or 0.14%, in early trade today.
Meanwhile, oil prices were up in Asia today, with New York contract light sweet crude for March delivery gaining $1.13 to $87.33 a barrel.
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