Besides, encouraging industrial production, which grew to a five-month high of 3.8 percent in November, also boosted the rupee sentiments, forex dealers said.
The rupee had gained 16 paise to close at over one-month high of 62.16 on Monday against the American currency on persistent selling of dollars by banks and exporters on hopes of capital inflows into domestic markets.
Meanwhile, the benchmark BSE Sensex on Tuesday rose 84.92 points, or  0.30 percent, to trade at 27,670.19 in morning trade.

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