 "Rupee gains 16 paise at 52.97/dollar")
Forex dealers said increased selling of the American currency by exporters and a higher opening in the equity market helped the rupee sentiment.
The rupee had gained 15 paise to close at Rs 53.13 against the US currency in yesterday's trade.
Meanwhile, the BSE benchmark index Sensex recovered by 86.74 points, or 0.44%, to 19,746.56 in early trade today.
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