Besides, dollar selling by banks and exporters along with a higher opening in the domestic equity market on foreign funds inflows also supported the rupee, traders said.
The rupee had ended marginally down by one paise at 55.28 against the US dollar in the previous session on Friday.
Meanwhile, the BSE benchmark index Sensex recovered by 21.84 points, or 0.12 per cent, to 17,579.58 in early trade today.
