The local currency had lost 26 paise to close at 62.67 on Monday due to renewed month-end demand from the dollar from importers.
Forex dealers said besides fresh selling of the American currency by exporters, a higher opening in the domestic equity market supported the rupee but the dollar's strength against other currencies overseas, capped the gains.

Meanwhile, the benchmark BSE Sensex rose by 106.25 points, or 0.37 percent, at 28,082.11 in early trade.

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