Rupee edges up to 61.84 in late morning trade

The rupee edged up by one paisa to 61.84 against the American unit in the late morning trade on mild selling of dollars by banks and exporters amid firm local equity market.
The rupee resumed lower at 61.90 per dollar as against the last closing level of 61.85 at the Interbank Foreign Exchange market. It recovered to 61.81 before quoting at 61.84 at 1045 hours.
It hovered in a range of 61.81 and 61.92 per dollar during the morning deals.
The rupee had gained 19 paise to close at 61.85 against the dollar yesterday.
In New York, the dollar rose against the yen yesterday, as investors appeared to be reassured by news that the Russian troops taking part in combat exercises near Ukraine's border would be returning back to their bases.

Meanwhile, the benchmark Sensex moved up by 25.08 points or 0.12 per cent to 21,234.81 at 1045 hours.