The rupee resumed lower at Rs fouthy-six. 11/12 per US dollar on the Interbank Foreign Trade, as against its previous close of Rs 45. 98/99 for each dollar, and moved down further to Rs 46. sixteen per dollar before quoting at Rs 46. 09/10 for each dollar at 1030 hours.
The domestic currency hovered inside a range between Rs 46. 00 and Rs 46. sixteen per dollar in morning deals.
Sustained dollar demand from banks and importers because of dollar firmness in overseas markets was the major factor behind the fall within the rupee value against the dollar, a forex dealer stated.
The dollar gained against most major rivals in early trade within the Sydney market as Europe's lingering debt problems pushed investors toward investments regarded as less risky.