Forex dealers said a higher opening in the domestic equity market and strengthening of euro against the dollar overseas ahead of the European Central Bank's monetary policy meeting on Thursday, supported the rupee.
The rupee had lost six paise to close at 54.92 yesterday on late dollar demand from importers.
Meanwhile, the BSE benchmark index Sensex rose by 128.41 points, or 0.67 per cent, to 19,271.58 in early trade today.
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