The Indian rupee advanced by another 16 paise to 45 rupees 32 paise against the American currency in early trade. This follows persistent selling of dollars by banks and exporters in view of weak dollar overseas.

The domestic unit resumed higher at 45 rupees 37 paise per dollar at the Interbank Foreign Exchange or Forex market as against the yesterday’s closing level of 45 rupees 48 paise per dollar. The dollar gave up gains against the euro in New York market yesterday, after recovering from earlier gains.