Forex dealers said continued capital inflows as well as higher opening in the domestic equity supported the rupee. However, they said, greenback's strength against other currencies overseas capped the gains.

The rupee had ended 12 paise higher at 63.70 against the American currency in yesterday's trade on fresh bouts of dollar selling by banks and exporters amid huge expectations of a rate cut by the Reserve Bank.

Meanwhile, The benchmark BSE Sensex rose over 53 points in the opening trade today on sustained buying by investors ahead of the Reserve Bank's monetary policy review amid a mixed trend overseas.

The 30-share index, which had gained 342.28 points in the previous two sessions largely on expectations of a rate cut by the Reserve Bank, rose 53.54 points, or 0.19 percent, to 27,902.53, with IT, technology, consumer durables, healthcare, auto, metal and capital sector stocks leading the rise.

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