Mumbai: The rupee ruled steady against the US currency in morning trade on 11 December at 39.2850/2950 a dollar despite good movements at the bourses.
In continued dull trade at the Interbank Foreign Exchange (forex) market, the local currency resumed slightly better at 39.26/28 a dollar from previous close of 39.28/29, but later eased to 39.2850/2950 a dollar in late morning deals.
There was a lot of activity in the Indian stock market and the benchmark Sensex traded substantially higher on high volatility as IT bellwether Infosys Technologies posted excellent third quarter results, overcoming pressure from a strong rupee.
The BSE Benchmark moved up 227.74 points to 20,809.82 early morning.
Also, forex dealers said, public sector banks were seen making small dollar purchases at the current levels.