The rupee was trading up 5 paise to 63.99 against the US currency on sustained selling of the greenback by banks and exporters.

The local currency resumed higher by 6 paise at 63.98 per dollar against last closing level of 64.04 per dollar at the Interbank Foreign Exchange (Forex) Market.

The domestic currency hovered in a range of 63.96 and 64.02 in intra-day trade.

Dealers said fresh selling of the greenback by exporters and banks and the dollar’s weakness against other currencies overseas supported the rupee.

Yesterday, the rupee had fallen by 11 paise to 64.04 a dollar on persistent demand for the American currency from banks and importers.