The rupee today rose by five paise to 54.76 against the dollar in early trade at the Interbank Foreign Exchange on selling of the US currency by exporters.
Besides, a higher opening in the domestic equity market and strengthening of euro against the dollar overseas supported the rupee, forex dealers said.
The rupee had lost eight paise to close at an over 1-month low of 54.81 against the dollar yesterday.
Meanwhile, the BSE benchmark Sensex rose by 158.19 points, or 0.80 per cent, to 19,880.48.
