The Indian rupee advanced by 23 paise to 62.37 against the American currency in the late morning trade on fresh selling of dollars by banks and exporters on the back of lower dollar value in the overseas market.
In New York market, the US currency edged lower against some rivals yesterday, netting the largest quarterly decline in two years, as investors braced for a shutdown of the US
The rupee resumed at yesterday's closing level of 62.60 per dollar at the Interbank Foreign Exchange (Forex) Market but firmed up immediately to 62.31 per dollar before quoting at 62.37 per dollar at 1045hrs.
It moved in a range of 62.31-62.60 per dollar during the morning deals.
Meanwhile, crude oil prices eased by 38 cents to USD 101.95 in Asian trade early today as the US government stood on the brink of a partial shutdown.
The Indian benchmark sensex was up 45 points or 0.23 per cent to 19,424.72 at 1055hrs.