Moving in line with equity market, the rupee advanced by 46 paise, to 61.59 per dollar on fresh selling of dollars by banks and exporters. This was on hopes of more foreign capital inflows into equity market amid exit polls predicting a strong showing by the BJP in the recently concluded Assembly elections to four states. The rupee resumed higher at 61.75 as against the last closing level of 62.05 per dollar at the Interbank Foreign Exchange Market. In New York market, the U.S. dollar surrendered some of the gains scored after a report on private-sector payrolls underlined ideas the Federal Reserve could move sooner than previously thought to cut back on its monthly bond purchases.