The rupee furthered its gains by another 11 paise to settle at 72.35 against the US dollar on Wednesday amid persistent selling of the greenback by banks and exporters.
Besides, positive domestic equities and weaker American currency in the overseas market also helped the rupee consolidate gains.
At the interbank forex market, the local unit opened at 72.35 against the greenback and witnessed an intra-day high of 72.26 and a low of 72.41.