The Indian rupee was down 31 paise at Rs 47.95 per US dollar in early trade. The rupee resumed steady at Rs 47.66 per dollar, as against its previous close of Rs 47.65 per dollar, was quoted at Rs 47.85 per dollar at 1030 hours.The domestic currency hovered in a range between Rs 47.69 and Rs 47.95 per dollar during morning deals.