A higher opening in the domestic equity market also supported the rupee but dollar's gain against other currencies overseas limited the rise of domestic unit, forex dealers said.
The rupee had lost 14 paise to end at 58.77 against the dollar on Wednesday on sustained demand for US currency from importers amidst negative local equities.
Meanwhile, the benchmark BSE Sensex rebounded by 125.37 points, or 0.52 percent, to 24,323.39 in morning trade on Thursday.


Latest News  from Business News Desk