Forex dealers said dollar's weakness against other overseas currencies, after US Federal Reserve chief Ben Bernanke indicated the bank's stimulus programme would remain in place until the economy is back on track, also supported the rupee.

However, a lower opening in the equity market capped the rupee's gain, they said. The rupee had gained 5 paise to close at 62.36 against the dollar in Tuesday's trade on selling of the US currency by banks and exporters amid foreign capital inflows into the equity market.

Meanwhile, the BSE benchmark index Sensex fell by 28.04 points, or 0.13 percent, to 20,862.78 in morning trade on Wednesday.

(Agencies)

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