The rupee edged higher by 8 paise to 54.73 against the US dollar in early trade at the Interbank Foreign Exchange today on increased selling of the American currency by exporters and banks.
Besides, strengthening of euro against the dollar in overseas market and a higher opening in the equity market supported the rupee, forex dealers said.
The rupee had gained 6 paise to close at 54.81 in the previous session on Friday's trade.
The BSE benchmark Sensex recovered by 43.49 points, or 0.24 per cent, to 18,493.72 in early trade today.
