The rupee appreciated further from its early gains by 18 paise to 63.30 against the American unit in the pre-noon trade on bouts of dollar selling from banks and exporters as well as firm equities.

The domestic unit opened higher at 63.37 against the last closing level of 63.48 at the Interbank Foreign Exchange market. It firmed up further to 63.29 in the late morning trade before being quoted at 63.30 at 11.45 am local time.

The rupee hovered in the range of 63.29 and 63.45 in the late morning session.

In New York, the dollar was up against its major rivals in early trade, after overnight broader pressure on renewed hopes that cash-strapped Greece was a step closer to securing fresh funding.

Meanwhile, the BSE Sensex was trading higher by 127.57 points or 0.47 per cent at 27,304.56.

Source:thehindubusinessline.com