The Indian rupee turned better after opening weak and was quoted seven paise higher against the US dollar in late morning trade on Wednesday on sustained capital inflows in volatile equity markets.

In fairly active trade at the Interbank Foreign Exchange (forex) market, the domestic currency resumed weak at 47.90/91 a dollar from its previous close of 47.78/80 a dollar but later bounced to 47.64 level before being quoted at 47.71/73 a dollar in late morning trade.