Rupee continued to rule firm for the third day today by advancing 8 paise to 62.42 per dollar on persistent selling of the US currency by banks and exporters on the back of good foreign capital inflows.The domestic currency resumed higher at 62.45 per dollar as against the last closing level of 62.50 at the Interbank Foreign Exchange market.Banks and exporters preferred to reduce their dollar position in view of good foreign capital inflows into equity market.