Forex dealers said that apart from heavy selling by exporters and banks, weakness in the dollar against other currencies overseas supported the rupee.
Further, a higher opening in the domestic equity market added to the rupee upmove, they added.
Yesterday, scripting its biggest single-day gain in four weeks, the rupee had rallied by 25 paise to close at 64.38 a dollar on heavy selling of the US currency.
Meanwhile, the benchmark BSE Sensex rose 48.76 points, or 0.16 per cent, to 30,299.74 in early trade.
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