The rupee resumed higher at 54.15 per dollar as against the last closing level of 54.32 at the Interbank Foreign Exchange (Forex) Market and moved up further to a high of 54.10.
However, it failed to maintain earlier gains and was quoted at 54.17 per dollar at 1050 hrs.
It hovered in a range of 54.10 and 54.23 per dollar during the morning deals.
In New York market, the US dollar dropped against most major rivals yesterday after the Federal Reserve outlined a new round of monetary stimulus and tied its interest-rate expectations to new thresholds for the country's unemployment rate and inflation.
Meanwhile, the Indian benchmark BSE-30 index, Sensex, resumed higher at 19,403.66 and firmed up further to 19,421.72 before quoting 19,373.90 at 1100 hrs, showing a gain of 18.64 points or 0.10 per cent from its last close.
