The rupee gained 10 paise to 62.33 against the dollar in early trade today at the Interbank Foreign Exchange market on selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.
Easing of the dollar against the euro and yen as investors cautiously await US Federal Reserve chief Janet Yellen’s inaugural testimony to Congress also supported the local currency, forex dealers said.
The rupee had lost 15 paise to end at 62.43 yesterday on fag-end demand for the US currency.
Meanwhile, the benchmark BSE Sensex rose 63.95 points, or 0.31 per cent, to 20,398.22 in early trade today. PTI